The typical asking rate per listing is in the $40's per square foot per year. The Madisonville region is seeing a a rise in rates. In the last 3 months, the median rate went up $44 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Madisonville region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Madisonville 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 180 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 0 and are Class Class B.