The typical asking rate per listing is 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 $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the Elmwood Business District region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,740 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 0 and are Class Class A.
Education is the dominant industry in this area. 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.