On average, listings lease in the $30's per square foot per year. The Ballantyne West region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metrolina market, the Ballantyne West region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Ballantyne West 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,510 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 2004 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Ballantyne West folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.