The typical asking rate per listing is in the $20's per square foot per year. The Elmwood submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 37% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Elmwood submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 259 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Elmwood 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,250 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 0 and are Class A.
Real time and historical data on commercial real estate listings in Elmwood.
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