On average, listings lease in the $50's per square foot per year. The Foxcroft submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 52% increase 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 submarket.
In the last 90 days, 4 listings have been made available, which means new listings might be 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 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 1,690 sqft. Most properties in this region are approximately 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 region. Commute by public transit is the most popular way to get to work amongst Foxcroft folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.