The typical asking rate per listing is in the $30's per square foot per year. The Providence Crossing region is seeing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Metrolina market, the Providence Crossing submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 25,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 2005 and are Class A.
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 area. Most of the folk of Providence Crossing work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.