The typical asking rate per listing is in the $30's per square foot per year. The Garden District submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year. That's a 100% increase in rent.
In the last 90 days, 5 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the Garden District are subleases, so you might be able to snag a great spot on a short term. 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 3,220 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area 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. Utilities is the dominant industry in this region. Most of the occupants of Garden District work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.