The typical asking rate per listing is in the $10's per square foot per year. The Fifth Ward submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 7 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,600 sqft. Most buildings in this area are around 2 stories. Most buildings in this area 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 region. 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.