The typical asking rate per listing is in the $40's per square foot per year. The Second Ward region is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Metrolina market, the Second Ward region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Second Ward are subleases, so you might be able to find a shorter term or below market rent. 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 6,850 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 16 stories. Most buildings in this area 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 folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.