Most listings are in the $10's per square foot per year. The Elmwood region is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Elmwood region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 12 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the Elmwood are subleases, so you might be able to find a shorter term or below market rent. 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 5,250 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 0 and are Class A.