The typical asking rate per listing is in the $20's per square foot per year. The Metairie region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Metairie region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 827 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available space in the Metairie are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,090 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 0 and are Class B.
Real time and historical data on commercial real estate listings in Metairie.
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