Most listings are in the $20's per square foot per year. The Elmwood Business District submarket is going through a a rise in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Elmwood Business District region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Elmwood Business District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 18,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 0 and are Class Class B.
Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Elmwood Business District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.