The typical asking rate per listing is in the $10's per square foot per year. The Fifth Ward region is experiencing a a boost in rates. In the last 3 months, the median rate increased $18 per sqft per year.
In the last 90 days, 7 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 171% of the available space in the Fifth Ward are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,140 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1996 and are Class A.
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 market. 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.