On average, listings lease in the $20's per square foot per year. The Lakeside Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Metrolina market, the Lakeside Park region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 500% of the available leases in the Lakeside Park 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.
The standard measurement for office space in this area is around 850 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 2002 and are Class A.
Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lakeside Park residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.