On average, listings lease in the $20's per square foot per year. The Central City submarket is going through a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Central City submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,970 sqft. Most properties in this market are around 1 stories. Most buildings in this region 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. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central City occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.