The typical asking rate per listing is in the $30's per square foot per year. The Third Ward submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Metrolina market, the Third Ward region has more expensive rates, and you'll need to make a great offer 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 12% of the office spaces in the Third Ward are subleases, so you might be able to snag a great spot on a short term. 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 3,980 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this area were built in 1957 and are Class B.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Third Ward residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.