The typical asking rate per listing is in the $40's per square foot per year. The Fourth Ward submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 37% increase in rent.
Compared to the rest of the Metrolina market, the Fourth Ward region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,290 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 19 floors. Most buildings in this region were built in 1996 and are Class A.
A large portion of this area 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 occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.