Most listings are in the $40's per square foot per year. The Madison Park region is experiencing a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 44% rise in rent.
Compared to the rest of the Metrolina market, the Madison Park region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 55 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Madison Park are subleases, so you will probably have to focus your search on direct office leases. 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 6,400 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Madison Park folk. 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 Madison Park.
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