On average, listings lease in the $30's per square foot per year. The Uptown region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Metrolina market, the Uptown submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 39 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the listings in the Uptown are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,900 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 15 stories. Most buildings in this market were built in 1974 and are Class A.
This market is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Most of the folk 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.