On average, listings lease in the $30's per square foot per year. The Second Ward submarket is experiencing a decline 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 greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 319 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the office spaces 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 2,190 sqft. Most buildings in this region are approximately 15 floors. Most buildings in this region were built in 1985 and are Class A.
Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Second Ward folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Second Ward.
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