On average, listings lease in the $10's per square foot per year. The Montclaire South region is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Metrolina market, the Montclaire South region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Montclaire South 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 3,620 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Montclaire South residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.