Compared to the rest of the Greater New Orleans Region market, the Elmwood Business District submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 136% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 18,400 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 0 and are Class A.
Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Elmwood Business District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.