The typical asking rate per listing is in the $20's per square foot per year. The Fifth Ward region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.
In the last 90 days, 87 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the listings 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.
Even though the median size is 2,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this area 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 region. 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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