On average, listings lease in the $0's per square foot per year. The Myers Park region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $44 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1976 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Myers Park residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.