The typical asking rate per listing is in the $30's per square foot per year. The Second Ward region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Metrolina market, the Second Ward region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 24 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 58% of the listings in the Second Ward are subleases, so you might be able to snag a great spot on a short term. 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 7,670 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 15 stories. Most buildings in this region 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 residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.