First Ward Office Space

First Ward

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,200
As of: December 10, 2016

First Ward Rates

The typical asking rate per listing is in the $20's per square foot per year. The First Ward submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 2% decline in rent.

First Ward Listing Supply

In the last 90 days, 9 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 11% of the listings in the First 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most properties in this market are close to 2 floors. Most buildings in this region 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 area. Commute by walking is the most popular way to get to work amongst First Ward residents. Commuting close to 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