On average, listings lease in the $30's per square foot per year. The Uptown region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Metrolina market, the Uptown region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 73 listings have been listed, so you'll want to check back regularly for new listings. About 15% of the available space in the Uptown are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,100 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 13 stories. Most buildings in this area were built in 1974 and are Class A.
This region is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Most of the occupants of Uptown work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.