Third Ward Industrial

Third Ward

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
7,260

Third Ward Rates

Most listings are in the $30's per square foot per year. The Third Ward submarket is going through a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 24% rise in rent.

Compared to the rest of the Metrolina market, the Third Ward region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Third Ward Listing Supply

In the last 90 days, 421 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the listings in the Third Ward are subleases, so you will probably have to focus your search on direct office leases. 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 7,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this market were built in 1957 and are Class A.

Third Ward Community

This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Third Ward folk. Commuting more than an hour and a half 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 Third Ward.
Research