On average, listings lease in the $20's per square foot per year. The Central City - Garden District region is experiencing a an increase in rates. In the last 3 months, the median rate rose $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 - Garden District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have been listed, which means office spaces most likley are leasing quickly. 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 1,820 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 0 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central City - Garden District folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.