The typical asking rate per listing is in the $30's per square foot per year. The The South End submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 25% rise 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, 9 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases 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 available, 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 buildings in this market are approximately 3 stories. Most buildings in this area 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 region. 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.