Most listings are in the $30's per square foot per year. The Downtown Charleston region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 30 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Downtown Charleston are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,550 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1978 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Charleston occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.