Most listings are in the $30's per square foot per year. The Third Ward submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Metrolina market, the Third Ward region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 37% of the available space in the Third 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,920 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 5 stories. Most buildings in this market were built in 1957 and are Class A.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Third Ward folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.