On average, listings lease in the $30's per square foot per year. The Foxcroft region is going through a a boost in rates. In the last 3 months, the median rate went up $33 per sqft per year.
Compared to the rest of the Metrolina market, the Foxcroft region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 175% of the listings in the Foxcroft are subleases, so you might be able to snag a great spot on a short term. 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 2,380 sqft. Most properties in this area are around 4 floors. Most buildings in this area 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 occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.