The typical asking rate per listing is in the $40's per square foot per year. The Downtown Charleston region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
In the last 90 days, 30 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 93% of the listings in the Downtown Charleston are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this area were built in 1916 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Charleston folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.