The typical asking rate per listing is in the $30's per square foot per year. The Uptown region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Metrolina market, the Uptown region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 73 listings have been made available, so you'll want to check back regularly for new listings. About 15% of the office spaces in the Uptown 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.
Even though the median size is 5,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 13 stories. Most buildings in this area were built in 1974 and are Class A.
This region is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Most of the residents of Uptown work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.