The typical asking rate per listing is in the $10's per square foot per year. The East Town submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year.
Compared to the rest of the Metrolina market, the East Town submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 250% of the office spaces in the East Town 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this region are approximately 1 stories. Most buildings in this market were built in 1960 and are Class C.
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 East Town occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.