On average, listings lease in the $30's per square foot per year. The Fourth Ward region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Metrolina market, the Fourth Ward region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 106 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available leases in the Fourth Ward are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 10,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 8 stories. Most buildings in this region were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Fourth Ward residents. Commuting close to 15 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 Fourth Ward.
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