The typical asking rate per listing is in the $20's per square foot per year. The Elmwood Business District region is going through a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Elmwood Business District submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 201 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Elmwood Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 18,400 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 0 and are Class A.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Elmwood Business District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Elmwood Business District.
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