Elmwood Business District Industrial

Elmwood Business District

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,000
As of: December 10, 2016

Elmwood Business District Rates

On average, listings lease in the $20's per square foot per year. The Elmwood Business District region is going through a decrease 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 Elmwood Business District region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Elmwood Business District Listing Supply

In the last 90 days, 7 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Elmwood Business District 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 0 and are Class Class A.

Elmwood Business District Community

Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Elmwood Business District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Elmwood Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Elmwood Business District.
Research

Elmwood Submarkets