Central Business District Office Space

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,160
As of: August 21, 2017

Central Business District Rates

Most listings are in the $20's per square foot per year. The Central Business District region is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 27% rise in rent.

Compared to the rest of the Greater New Orleans Region market, the Central Business District region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Central Business District Listing Supply

In the last 90 days, 20 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 195% of the office spaces in the Central Business District are subleases, so you might be able to snag a great spot on a short term. 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 2,160 sqft. Most buildings in this area are close to 4 stories. Most buildings in this area were built in 0 and are Class A.

Central Business District Community

This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Business District residents. Commuting more than an hour and a half 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 Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Business District.
Research