Most listings are in the $20's per square foot per year. The Fifth Ward region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.
In the last 90 days, 7 listings have come on the market, which means office spaces are probably 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 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 1,140 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area 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 market. Most of the folk of Fifth Ward work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.