Third Ward Retail

Third Ward

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,500
As of: May 23, 2017

Third Ward Rates

The typical asking rate per listing is in the $20's per square foot per year. The Third Ward region is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% increase in rent.

Third Ward Listing Supply

In the last 90 days, 7 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region 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