The typical asking rate per listing is in the $10's per square foot per year. The Downtown Hickory submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 27% decrease in rent.
In the last 90 days, 1 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Downtown Hickory are subleases, so you might be able to find a shorter term or below market rent. 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 1,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1939 and are Class A.
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Hickory occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.