First Ward Retail

First Ward

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,100
As of: February 27, 2017

First Ward Rates

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.

First Ward Listing Supply

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.

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 residents. Commuting close to 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