On average, listings lease in the $30's per square foot per year. The York Road region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Metrolina market, the York Road region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available leases in the York Road 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 1 stories. Most buildings in this region were built in 1972 and are Class B.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst York Road folk. Commuting between 30 and 45 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 York Road.
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