The typical asking rate per listing is in the $20's per square foot per year. The Algiers submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the Algiers submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,180 sqft. Most properties in this market are approximately 1 stories. 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. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Algiers residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.