The typical asking rate per listing is in the $20's per square foot per year. The Elmwood region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the Elmwood region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,450 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 0 and are Class Class A.