On average, listings lease in the $50's per square foot per year. The Foxcroft region is seeing a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 52% increase in rent.
Compared to the rest of the Metrolina market, the Foxcroft region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,690 sqft. Most buildings in this area are close to 4 stories. Most buildings in this market were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Foxcroft occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.