Central Business District Office Space

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,060
As of: June 23, 2017

Central Business District Rates

Most listings are in the $10's per square foot per year. The Central Business District submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $20 per sqft per year.

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

Central Business District Listing Supply

In the last 90 days, 20 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. About 215% of the listings 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,060 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 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 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