Most listings are in the $30's per square foot per year. The Mid-City submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 50% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the Mid-City submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 73 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Mid-City 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 780 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Mid-City 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 Mid-City.
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