On average, listings lease in the $30's per square foot per year. The Barclay Downs region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Metrolina market, the Barclay Downs region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 10 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 10% of the office spaces in the Barclay Downs are subleases, so you will probably have to consider a longer term lease. 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 4,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1991 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Most of the residents of Barclay Downs work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.