On average, listings lease in the $20's per square foot per year. The Third Ward submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year.
In the last 90 days, 111 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the listings in the Third 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.
Even though the median size is 3,540 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region 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 region. Commute by car is the most popular way to get to work amongst Third Ward folk. 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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