Third Ward Industrial

Third Ward

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,540
As of: June 22, 2017

Third Ward Rates

Most listings are in the $20's per square foot per year. The Third Ward submarket is going through a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year.

Third Ward Listing Supply

In the last 90 days, 7 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 171% of the listings in the Third Ward are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, 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 market are approximately 2 floors. Most buildings in this area were built in 1997 and are Class A.

Third Ward Community

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 area. Commute by car is the most popular way to get to work amongst Third Ward residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Third Ward.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Third Ward.
Research