On average, listings lease in the $20's per square foot per year. The McAlpine region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Metrolina market, the McAlpine submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 78% of the available space in the McAlpine 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 2,940 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1985 and are Class B.
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 McAlpine folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.