Most listings are in the $20's per square foot per year. The Central Business District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the listings in the Central Business District are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,530 sqft. Most properties in this area are around 4 stories. 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 area. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.