Ballantyne West Industrial

Ballantyne West

Office Space Market Report

Number of Listings (last 90 days)
99
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,190
As of: August 17, 2017

Ballantyne West Rates

On average, listings lease in the $30's per square foot per year. The Ballantyne West submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decrease 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 submarket.

Ballantyne West Listing Supply

In the last 90 days, 6 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces in the Ballantyne West are subleases, so you might be able to snag a great spot on a short term. 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 2,190 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 2004 and are Class A.

Ballantyne West Community

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 market. Commute by public transit is the most popular way to get to work amongst Ballantyne West folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Ballantyne West.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Ballantyne West.
Research

Charlotte Submarkets