Most listings are in the $20's per square foot per year. The Carmel region is seeing a a rise in rates. In the last 3 months, the median rate increased $28 per sqft per year.
Compared to the rest of the Metrolina market, the Carmel submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 44% of the office spaces in the Carmel are subleases, so you might be able to find a shorter term or below market rent. 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 1,600 sqft. Most buildings in this area are close to 1 stories. Most buildings in this market were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Carmel residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.