Most listings are in the $40's per square foot per year. The Second Ward submarket is seeing a decline 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 need to pay a premium to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 58% of the office spaces in the Second Ward are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,850 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 15 stories. Most buildings in this area were built in 1981 and are Class A.
Professional services is the dominant industry in this market. 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.