On average, listings lease in the $40's per square foot per year. The Myers Park region is going through a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year. That's a 94% increase in rent.
Compared to the rest of the Metrolina market, the Myers Park region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,720 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1976 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Myers Park occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.