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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Third Ward region is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $6 per sqft per year.
Compared to the rest of the Metrolina commercial real estate market, the Third Ward submarket has more expensive rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 421 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Third Ward are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 880 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this region were built close to 1952 and are Class A.
This market 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.
Real time and historical data on commercial real estate listings in Third Ward.
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