Most listings are in the $40's per square foot per year. The Second Ward region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Metrolina market, the Second Ward submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Second Ward are subleases, so you will probably have to focus your search on direct office leases. 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 buildings in this area are around 16 floors. Most buildings in this market were built in 1981 and are Class A.
Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Second Ward folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.