Most listings are in the $20's per square foot per year. The Highway Park region is seeing 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 Highway Park region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 320% of the office spaces in the Highway Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Highway Park residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.