On average, listings lease in the $40's per square foot per year. The Foxcroft submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 28% increase in rent.
Compared to the rest of the Metrolina market, the Foxcroft region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 125% of the office spaces in the Foxcroft are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,380 sqft. Most buildings in this area are close to 4 stories. Most buildings in this area were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Foxcroft occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.