On average, listings lease in the $30's per square foot per year. The Ballantyne West submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Metrolina market, the Ballantyne West 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, 10 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,630 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this region were built in 2004 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Ballantyne West occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.