On average, listings lease in the $30's per square foot per year. The Second Ward submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the Metrolina market, the Second 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, 24 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 58% of the available leases in the Second Ward are subleases, so you might be able to snag a great spot on a short term. 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 24,360 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 15 stories. Most buildings in this region were built in 1981 and are Class A.
Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Second Ward residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.