The typical asking rate per listing is in the $20's per square foot per year. The Covington submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 29% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Covington submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 101 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Covington 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,630 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this market were built in 0 and are Class A.
Real time and historical data on commercial real estate listings in Covington.
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