Compared to the rest of the Metrolina market, the Carmel region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Carmel are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,550 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this market were built in 1984 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst Carmel residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.