The typical asking rate per listing is in the $20's per square foot per year. The Carmel region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Metrolina market, the Carmel region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 9 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the listings in the Carmel are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Carmel folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.