On average, listings lease in the $10's per square foot per year. The Downtown Concord region is seeing a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year.
Compared to the rest of the Metrolina market, the Downtown Concord submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 10 listings have been listed, which means new listings might be leasing quickly. 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.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1945 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Downtown Concord residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.