Most listings are in the $30's per square foot per year. The Second Ward region is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Metrolina market, the Second Ward submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 24 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 108% of the office spaces in the Second Ward are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,190 sqft. Most buildings in this area are approximately 15 floors. Most buildings in this area were built in 1981 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 residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.