First Ward Office Space

First Ward

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
4,000
As of: June 22, 2017

First Ward Rates

Most listings are in the $20's per square foot per year. The First Ward submarket is going through a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.

First Ward Listing Supply

In the last 90 days, 16 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases 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.

Even though the median size is 4,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 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 market. 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