On average, listings lease in the $30's per square foot per year. The Cherry region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Metrolina market, the Cherry region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 28 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 21% of the available space in the Cherry are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,760 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1981 and are Class B.
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 Cherry folk. Commuting approximately 15 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 Cherry.
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