The typical asking rate per listing is in the $30's per square foot per year. The Third Ward region is going through a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 28% rise in rent.
Compared to the rest of the Metrolina market, the Third Ward submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 21 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Third 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.
Even though the median size is 8,680 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 15 stories. Most buildings in this region were built in 1959 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Third Ward folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.