The typical asking rate per listing is in the $20's per square foot per year. The Fifth Ward submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 22% increase in rent.
In the last 90 days, 7 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 43% of the office spaces in the Fifth Ward are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this region are close to 2 stories. Most buildings in this region 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 occupants 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.