Most listings are in the $20's per square foot per year. The Fifth Ward submarket is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 22% rise in rent.
In the last 90 days, 87 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Fifth Ward are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,400 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1996 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the residents of Fifth Ward work from home. Commuting close to an hour 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 Fifth Ward.
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