Most listings are in the $20's per square foot per year. The First Ward region is experiencing a a rise in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% increase in rent.
In the last 90 days, 17 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the First Ward are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,100 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1975 and are Class A.
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.