The typical asking rate per listing is in the $10's per square foot per year. The Algiers region is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Algiers region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most buildings in this region are approximately 1 floors. 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. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Algiers occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.