On average, listings lease in the $30's per square foot per year. The Uptown submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Metrolina market, the Uptown region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 47 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the listings in the Uptown are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,400 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 15 stories. Most buildings in this market were built in 1974 and are Class A.
This market is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Most of the residents of Uptown work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.