On average, listings lease in the $30's per square foot per year. The Provincetowne region is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Metrolina market, the Provincetowne submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
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 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.
Even though the median size is 2,660 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this area were built in 2007 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Provincetowne occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.