On average, listings lease in the $30's per square foot per year. The Thanksgiving Point Business Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 10 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 120% of the available space in the Thanksgiving Point Business Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,380 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this area were built in 2010 and are Class A.
Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Thanksgiving Point Business Park occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.