On average, listings lease in the $20's per square foot per year. The Madison Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Metrolina market, the Madison Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Madison Park residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.