Most listings are in the $70's per square foot per year. The Third Ward submarket is going through a a rise in rates. In the last 3 months, the median rate increased $58 per sqft per year. That's a 275% increase in rent.
In the last 90 days, 4 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,710 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1997 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Third Ward folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.