Carmel Industrial

Carmel

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
5,390

Carmel Rates

The typical asking rate per listing is in the $20's per square foot per year. The Carmel region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.

Compared to the rest of the Metrolina market, the Carmel region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Carmel Listing Supply

In the last 90 days, 57 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Carmel are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,390 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1994 and are Class B.

Carmel Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Carmel occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Carmel.
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