On average, listings lease in the $30's per square foot per year. The Provincetowne submarket is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Metrolina market, the Provincetowne submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means new availabilities might be leasing quickly. 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 2,660 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this area were built in 2007 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Provincetowne folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.