Most listings are in the $30's per square foot per year. The Foxcroft submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Metrolina market, the Foxcroft region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Foxcroft are subleases, so you might be able to find a shorter term or below market rent. 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 3,420 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this area 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 market. Commute by public transit is the most popular way to get to work amongst Foxcroft occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.