The typical asking rate per listing is in the $30's per square foot per year. The Fourth Ward submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 35% increase in rent.
Compared to the rest of the Metrolina market, the Fourth Ward submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been listed, which means leases most likley are going fast. 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.
Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 19 stories. Most buildings in this area were built in 1996 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Fourth Ward residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.