On average, listings lease in the $30's per square foot per year. The French Quarter submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 24% decline in rent.
In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the available space in the French Quarter are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,390 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1900 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst French Quarter residents. 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 French Quarter.
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