On average, listings lease in the $30's per square foot per year. The Providence Crossing submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Metrolina market, the Providence Crossing submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 25,670 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 2006 and are Class A.
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 market. Most of the occupants of Providence Crossing work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.