Most listings are in the $20's per square foot per year. The Highway Park region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Highway Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the Highway Park are subleases, so you might be able to snag a great spot on a short term. 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 3,080 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Highway Park occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.