The typical asking rate per listing is in the $30's per square foot per year. The Second Ward submarket is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Metrolina market, the Second Ward submarket 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 listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 104% of the office spaces in the Second Ward 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 2,180 sqft. Most properties in this area are approximately 15 floors. Most buildings in this region 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 occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.