The typical asking rate per listing is in the $20's per square foot per year. The University City North region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Metrolina market, the University City North submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,670 sqft. Most buildings in this market are close to 4 stories. Most buildings in this market were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst University City North occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.