On average, listings lease in the $30's per square foot per year. The North State submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $23 per sqft per year. That's a 37% decrease in rent.
In the last 90 days, 5 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the North State are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,930 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1971 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst North State folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.