The typical asking rate per listing is in the $10's per square foot per year. The Fifth Ward submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 23% decline in rent.
In the last 90 days, 7 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 86% of the listings in the Fifth 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1996 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the occupants of Fifth Ward work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.