Cherry Office Space

Cherry

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
830
As of: July 23, 2017

Cherry Rates

On average, listings lease in the $30's per square foot per year. The Cherry submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the Metrolina market, the Cherry submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Cherry Listing Supply

In the last 90 days, 3 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 167% of the office spaces in the Cherry 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.

The standard measurement for office space in this area is around 830 sqft. Most buildings in this area are around 4 stories. Most buildings in this market were built in 1981 and are Class B.

Cherry Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Cherry residents. Commuting around 15 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 Cherry.
Market Report

Market Data

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