The typical asking rate per listing is in the $30's per square foot per year. The The South End region is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Metrolina market, the The South End submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,310 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market 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 market. Commute by bike is the most popular way to get to work amongst The South End occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.