On average, listings lease in the $30's per square foot per year. The Uptown submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Metrolina market, the Uptown region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 73 listings have been listed, so you'll want to check back regularly for new listings. About 68% of the listings in the Uptown 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 3,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 5 stories. Most buildings in this market were built in 1977 and are Class A.
This market is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this area. Most of the folk of Uptown work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.