Third Ward Commercial Real Estate

Third Ward

Market Report

Number of Listings
Posted in the last 90 days
16
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
26,510

Third Ward Rates

The typical asking rate per listing is in the $30's per square foot per year. The Third Ward submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 24% increase in rent.

Compared to the rest of the Metrolina market, the Third Ward region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Third Ward Listing Supply

In the last 90 days, 421 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the Third Ward are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 26,510 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 5 stories. 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 market. 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