On average, listings lease in the $20's per square foot per year. The Thanksgiving Point Business Park submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 26% decrease in rent.
In the last 90 days, 10 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 10% of the office spaces in the Thanksgiving Point Business Park are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,120 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 4 floors. Most buildings in this area were built in 2008 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.