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.
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.
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.