The typical asking rate per listing is in the $10's per square foot per year. The Downtown Winston-Salem region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 24% decrease in rent.
In the last 90 days, 8 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 38% of the available leases in the Downtown Winston-Salem are subleases, so you might be able to find a shorter term or below market rent. 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 18,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this area were built in 1941 and are Class A.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Winston-Salem residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.