First Ward Office Space

First Ward

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,100
As of: February 26, 2017

First Ward Rates

The typical asking rate per listing is in the $20's per square foot per year. The First Ward region is going through a a rise in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% increase in rent.

First Ward Listing Supply

In the last 90 days, 17 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the First Ward are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,100 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1975 and are Class A.

First Ward Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst First Ward folk. Commuting approximately 20 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 First Ward.
Market Report

Market Data

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