On average, listings lease in the $30's per square foot per year. The Cherry submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metrolina market, the Cherry submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 133% of the available leases in the Cherry are subleases, so you might be able to snag a great spot on a short term. 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 840 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Cherry occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.