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.
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.
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.