Bonnabel Boulevard Office Space

Bonnabel Boulevard

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
4,900
As of: December 5, 2016

Bonnabel Boulevard Rates

On average, listings lease in the $10's per square foot per year. The Bonnabel Boulevard submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decline in rent.

Compared to the rest of the Greater New Orleans Region market, the Bonnabel Boulevard submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Bonnabel Boulevard Listing Supply

In the last 90 days, 5 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the available leases in the Bonnabel Boulevard are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 0 and are Class Class C.

Bonnabel Boulevard Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Bonnabel Boulevard occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Bonnabel Boulevard.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bonnabel Boulevard.
Research