Most listings are in the $20's per square foot per year. The Elizabeth region is seeing a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 34% decline in rent.
Compared to the rest of the Metrolina market, the Elizabeth submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 0 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Elizabeth are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,200 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1971 and are Class B.
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 close to 15 minutes a day is the norm for those who opt to reside in this part of town.