Most listings are in the $30's per square foot per year. The Ballantyne East submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metrolina market, the Ballantyne East submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the Ballantyne East 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 available, so finding a space for a small business might be tough.
Even though the median size is 11,450 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this region were built in 2008 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Ballantyne East occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.