The typical asking rate per listing is in the $20's per square foot per year. The Madison Park region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Metrolina market, the Madison Park submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this area 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. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Madison Park folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.