The typical asking rate per listing is in the $30's per square foot per year. The Foxcroft region is going through a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Metrolina market, the Foxcroft region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,240 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Foxcroft residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.