Second Ward Industrial

Second Ward

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,180

Second Ward Rates

The typical asking rate per listing is in the $30's per square foot per year. The Second Ward region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 21% decline in rent.

Compared to the rest of the Metrolina market, the Second Ward region has higher rates, and you'll need to pay a premium to be in this hot region.

Second Ward Listing Supply

In the last 90 days, 319 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Second Ward are subleases, so you will probably have to consider a longer term 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 2,180 sqft. Most properties in this market are close to 15 floors. Most buildings in this region were built in 1985 and are Class A.

Second Ward Community

Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Second Ward occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Second Ward.
Research