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 went up $30 per sqft per year.
Compared to the rest of the Metrolina market, the Providence Crossing region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 150% of the listings in the Providence Crossing 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 2,450 sqft. Most buildings in this region are around 2 floors. Most buildings in this market 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 folk of Providence Crossing work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.