The typical asking rate per listing is in the $20's per square foot per year. The Myers Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.
Compared to the rest of the Metrolina market, the Myers Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 500% of the office spaces in the Myers Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 230 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 2005 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 occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.