On average, listings lease in the $20's per square foot per year. The Elmwood Business District region is going through a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Elmwood Business District submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Elmwood Business 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 posted, so finding a space for a small business might be tough.
Even though the median size is 18,400 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 0 and are Class Class B.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Elmwood Business District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.