On average, listings lease in the $20's per square foot per year. The Carmel Science and Technology Park submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 5 listings have come on the market, which means listings most likley are 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,450 sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built in 1988 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Carmel Science and Technology Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.