Most listings are in the $0's per square foot per year. The Monroe Ward submarket is going through a decline in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 9 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 24,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1893 and are Class B.
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. Commute by car is the most popular way to get to work amongst Monroe Ward occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.