Most listings are in the $20's per square foot per year. The Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 813 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Central Business District 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.
Even though the median size is 2,910 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this region were built in 0 and are Class A.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting more than an hour and a half 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 Central Business District.
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