Third Ward Sublease

Third Ward

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,500
As of: May 23, 2017

Third Ward Rates

On average, listings lease in the $20's per square foot per year. The Third Ward region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.

Third Ward Listing Supply

In the last 90 days, 7 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,500 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1997 and are Class A.

Third Ward Community

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 market. 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.

Market Report

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

Market Data

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