The typical asking rate per listing is in the $30's per square foot per year. The Fourth Ward region is going through a an increase in rates. In the last 3 months, the median rate increased $39 per sqft per year.
Compared to the rest of the Metrolina market, the Fourth Ward region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 188% of the listings in the Fourth 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 7,380 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 8 stories. Most buildings in this area were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Fourth Ward residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.