On average, listings lease in the $10's per square foot per year. The Terry Sanford submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
In the last 90 days, 14 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 950 sqft. Most buildings in this market are close to 1 floors. Most buildings in this region were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Terry Sanford residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.