Most listings are in the $20's per square foot per year. The Olde Whitehall submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Metrolina market, the Olde Whitehall submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces in the Olde Whitehall are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 5 floors. Most buildings in this region were built in 2003 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Olde Whitehall occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.