Carmel Office Space

Carmel

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,620
As of: May 29, 2017

Carmel Rates

On average, listings lease in the $20's per square foot per year. The Carmel region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Metrolina market, the Carmel region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Carmel Listing Supply

In the last 90 days, 9 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the Carmel 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 2,800 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1989 and are Class A.

Carmel Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Carmel residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Carmel.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Carmel.
Research