The typical asking rate per listing is in the $20's per square foot per year. The Wesley Heights submarket is seeing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 36% decrease in rent.
Compared to the rest of the Metrolina market, the Wesley Heights submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the available leases in the Wesley Heights 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.
Even though the median size is 2,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1929 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Wesley Heights occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.