The typical asking rate per listing is in the $10's per square foot per year. The Second Ward submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 4 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,060 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 1 stories.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Second Ward occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.