The typical asking rate per listing is in the $20's per square foot per year. The Third Ward submarket is going through a a boost in rates. In the last 3 months, the median rate rose $20 per sqft per year.
In the last 90 days, 111 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Third 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,540 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1997 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Third Ward residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Third Ward.
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