Fifth Ward Sublease

Fifth Ward

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,600
As of: August 19, 2017

Fifth Ward Rates

On average, listings lease in the $20's per square foot per year. The Fifth Ward submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 22% increase in rent.

Fifth Ward Listing Supply

In the last 90 days, 7 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 57% of the office spaces in the Fifth Ward are subleases, so you might be able to find a shorter term or below market rent. 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 1,600 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1996 and are Class A.

Fifth Ward Community

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 occupants 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.

Market Report

Trends and status of the commercial real estate market in Fifth Ward.
Market Report

Market Data

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