On average, listings lease in the $20's per square foot per year. The Wesley Heights submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Metrolina market, the Wesley Heights region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Wesley Heights 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,600 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1929 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Wesley Heights residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.