The typical asking rate per listing is in the $20's per square foot per year. The Tall Timbers - Brechtel submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $22 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Tall Timbers - Brechtel region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 37 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Tall Timbers - Brechtel 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,010 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 0 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Tall Timbers - Brechtel occupants. 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 Tall Timbers - Brechtel.
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