On average, listings lease in the $20's per square foot per year. The Orleans Parish submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 27% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Orleans Parish region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 87 listings have been made available, so you'll want to check back regularly for new listings. About 59% of the listings in the Orleans Parish are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,160 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 0 and are Class B.