The typical asking rate per listing is in the $40's per square foot per year. The Myers Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year. That's a 94% increase in rent.
Compared to the rest of the Metrolina market, the Myers Park region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,720 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1976 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Myers Park folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.