On average, listings lease in the $20's per square foot per year. The Saint John submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 29% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Saint John submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 31 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Saint John are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,630 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 0 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Saint John residents. Commuting between 20 and 25 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 Saint John.
Get email notifications when new listings are posted that match your requirements.