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.
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.