First Ward Retail

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 24, 2017

First Ward Rates

The typical asking rate per listing is in the $20's per square foot per year. The First Ward submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.

First Ward Listing Supply

In the last 90 days, 16 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available leases in the First Ward are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market 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 area. Commute by walking is the most popular way to get to work amongst First Ward occupants. Commuting approximately 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