Second Ward Sublease

Second Ward

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
2,740
As of: December 10, 2016

Second Ward Rates

On average, listings lease in the $40's per square foot per year. The Second Ward region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% decline in rent.

Compared to the rest of the Metrolina market, the Second Ward submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Second Ward Listing Supply

In the last 90 days, 20 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available space in the Second Ward are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,740 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 16 stories. Most buildings in this region were built in 1981 and are Class A.

Second Ward Community

Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Second Ward residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Second Ward.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Second Ward.
Research