On average, listings lease in the $20's per square foot per year. The Carmel Science and Technology Park region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 24% decrease in rent.
In the last 90 days, 5 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,450 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1988 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Carmel Science and Technology Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.