On average, listings lease in the $20's per square foot per year. The Fifth Ward submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 11 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,330 sqft. Most properties in this market are approximately 3 stories.
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 folk of Fifth Ward work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.