The typical asking rate per listing is in the $30's per square foot per year. The The South End submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 25% increase in rent.
Compared to the rest of the Metrolina market, the The South End region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the The South End are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,260 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1950 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst The South End residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.