The typical asking rate per listing is in the $20's per square foot per year. The Carmel submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metrolina market, the Carmel region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 57 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Carmel are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this region were built in 1994 and are Class B.
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 residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Carmel.
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