Most listings are in the $30's per square foot per year. The Fourth Ward submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metrolina market, the Fourth Ward submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 13,940 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 8 floors. Most buildings in this area were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Fourth Ward folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.