Third Ward Retail

Third Ward

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
5,500
As of: December 8, 2016

Third Ward Rates

The typical asking rate per listing is in the $20's per square foot per year. The Third Ward submarket is going through a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.

Third Ward Listing Supply

In the last 90 days, 2 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1997 and are Class A.

Third Ward Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Third Ward residents. Commuting between 20 and 25 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 Third Ward.
Market Report

Market Data

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