The typical asking rate per listing is in the $20's per square foot per year. The First Ward submarket is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 16 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the First Ward are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,420 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst First Ward folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.