On average, listings lease in the $20's per square foot per year. The Pinehurst submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 2 listings have been made available, which means listings most likley are 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 6,500 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region were built in 1994 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pinehurst residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.