On average, listings lease in the $20's per square foot per year. The Carmel region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Metrolina market, the Carmel submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 22% of the available space 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.
Even though the median size is 4,030 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1994 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 market. 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.