Carmel Retail

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Carmel

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
4,030
As of: February 19, 2017

Carmel Rates

On average, listings lease in the $20's per square foot per year. The Carmel submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Metrolina market, the Carmel region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Carmel Listing Supply

In the last 90 days, 12 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Carmel 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,030 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this market were built in 1986 and are Class A.

Carmel Community

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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Carmel.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Carmel.
Research