The typical asking rate per listing is in the $20's per square foot per year. The Central Business District submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 20 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Central Business District are subleases, so you will probably have to consider a longer term lease. 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 2,670 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this region were built in 0 and are Class A.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.