Most listings are in the $20's per square foot per year. The First Ward submarket is going through a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 30% increase in rent.
In the last 90 days, 16 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available space in the First Ward are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area 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 approximately 20 minutes a day is the norm for those who opt to reside in this part of town.