Fifth Ward Office Space

Fifth Ward

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,600
As of: February 26, 2017

Fifth Ward Rates

On average, listings lease in the $10's per square foot per year. The Fifth Ward submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.

Fifth Ward Listing Supply

In the last 90 days, 10 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, 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 market are close to 2 floors. Most buildings in this market were built in 1996 and are Class A.

Fifth Ward Community

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 occupants of Fifth Ward work from home. Commuting approximately an hour 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 Fifth Ward.
Market Report

Market Data

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