Covington Retail Space

Covington

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
4,630

Covington Rates

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.

Covington Listing Supply

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.

Covington Community

Market Data

Real time and historical data on commercial real estate listings in Covington.
Research