The typical asking rate per listing is in the $10's per square foot per year. The Fifth Ward submarket is going through a a boost in rates. In the last 3 months, the median rate rose $18 per sqft per year.
In the last 90 days, 7 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 171% of the listings 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 1,140 sqft. Most buildings in this region are around 2 floors. Most buildings in this market 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 region. Most of the residents of Fifth Ward work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.