On average, listings lease in the $30's per square foot per year. The Third Ward region is experiencing a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Metrolina market, the Third Ward submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 112% of the listings in the Third 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,790 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this market were built in 1957 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Third Ward occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.