On average, listings lease in the $20's per square foot per year. The Elizabeth submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Metrolina market, the Elizabeth submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1972 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Elizabeth folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.