On average, listings lease in the $10's per square foot per year. The Newell region is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Metrolina market, the Newell submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Newell are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 930 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1998 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Newell occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.