The typical asking rate per listing is in the $20's per square foot per year. The Carmel Science and Technology Park submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 24% decrease in rent.
In the last 90 days, 5 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,450 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built in 1988 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Carmel Science and Technology Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.