On average, listings lease in the $20's per square foot per year. The Elizabeth submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Metrolina market, the Elizabeth region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1972 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Elizabeth occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.