On average, listings lease in the $10's per square foot per year. The Downtown High Point submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 22% decrease in rent.
In the last 90 days, 6 listings have come on the market, which means new 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this region were built in 1966 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. Most of the occupants of Downtown High Point work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.