The typical asking rate per listing is in the $0's per square foot per year. The Monroe Ward region is seeing a decrease in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 9 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 24,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1893 and are Class B.
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. Commute by car is the most popular way to get to work amongst Monroe Ward folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.