On average, listings lease in the $40's per square foot per year. The Fourth Ward region is going through a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 37% rise 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 submarket.
In the last 90 days, 5 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,350 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 19 floors. Most buildings in this area were built in 1996 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Fourth Ward occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.