The typical asking rate per listing is in the $20's per square foot per year. The Montclaire South submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 46% increase in rent.
Compared to the rest of the Metrolina market, the Montclaire South region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 12 listings have been listed, which means new availabilities are probably 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Montclaire South folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.