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 $3 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 525 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,830 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1985 and are Class A.
Real time and historical data on commercial real estate listings in Carmel.
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