Most listings are in the $20's per square foot per year. The Third Ward submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 7% rise in rent.
In the last 90 days, 3 listings have been posted online, which means new availabilities 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region 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 area. Commute by car is the most popular way to get to work amongst Third Ward residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.