Central Business District Industrial

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
650
As of: February 27, 2017

Central Business District Rates

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 a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Greater New Orleans Region market, the Central Business District region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Central Business District Listing Supply

In the last 90 days, 38 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the listings in the Central Business District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 800 sqft. Most properties in this area are around 4 floors. Most buildings in this market were built in 0 and are Class A.

Central Business District Community

This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. 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.

Market Report

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

Market Data

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