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)
2,280
As of: July 21, 2017

Central Business District Rates

Most listings are in the $20's per square foot per year. The Central Business District region is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% rise in rent.

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

Central Business District Listing Supply

In the last 90 days, 20 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 335% of the office spaces in the Central Business District 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,030 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 0 and are Class A.

Central Business District Community

This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. 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