Most listings are in the $20's per square foot per year. The French Quarter - CBD submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the French Quarter - CBD region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 896 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available space in the French Quarter - CBD are subleases, so you will probably have to focus your search on direct office leases. 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 2,700 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this region were built in 0 and are Class A.
This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD folk. Commuting approximately 15 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 French Quarter - CBD.
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