Most listings are in the $40's per square foot per year. The Second Ward submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Metrolina market, the Second Ward submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Second 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 2,740 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 16 stories. Most buildings in this region were built in 1977 and are Class A.
Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Second Ward occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.