Second Ward Retail

Second Ward

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,450
As of: August 16, 2017

Second Ward Rates

On average, listings lease in the $10's per square foot per year. The Second Ward submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 24% increase in rent.

Second Ward Listing Supply

In the last 90 days, 6 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the Second 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.

The standard measurement for office space in this area is around 1,450 sqft. Most buildings in this area are approximately 1 floors.

Second Ward Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Second Ward occupants. Commuting between 30 and 45 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 Second Ward.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Second Ward.
Research