On average, listings lease in the $20's per square foot per year. The Central Business District region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 813 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Central Business District 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region were built in 0 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting more than an hour and a half 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 Central Business District.
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