Most listings are in the $30'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 increased $8 per sqft per year. That's a 35% increase in rent.
Compared to the rest of the Metrolina market, the Myers Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 300% of the available space in the Myers Park 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 150 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 2005 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 area. Commute by taxi is the most popular way to get to work amongst Myers Park residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.