On average, listings lease in the $30's per square foot per year. The Newell region is seeing a a boost in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 65% increase in rent.
Compared to the rest of the Metrolina market, the Newell submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are going fast. 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 1,050 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1996 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Newell folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.