On average, listings lease in the $10's per square foot per year. The Downtown Greensboro submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 37% decline in rent.
In the last 90 days, 10 listings have been listed, which means new listings might be 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.
The standard measurement for office space in this area is around 780 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this region were built in 1950 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Greensboro folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.