On average, listings lease in the $10's per square foot per year. The Central Business District region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 20 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Central Business District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,030 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this region were built in 0 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. 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.