Covington Office Space

Covington

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,720
As of: June 27, 2017

Covington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Covington region is experiencing a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.

Compared to the rest of the Greater New Orleans Region market, the Covington region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Covington Listing Supply

In the last 90 days, 6 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 83% of the available leases in the Covington 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,720 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 0 and are Class A.

Covington Community

Market Report

Trends and status of the commercial real estate market in Covington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Covington.
Research