The typical asking rate per listing is in the $20's per square foot per year. The First Ward region is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 11% rise in rent.
In the last 90 days, 16 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the First Ward are subleases, so you will probably have to consider a longer term lease. 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 2,420 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1975 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst First Ward occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.