The typical asking rate per listing is in the $20's per square foot per year. The French Quarter submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the French Quarter region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the office spaces in the French Quarter 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.
The standard measurement for office space in this area is around 2,260 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this region were built in 0 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst French Quarter residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.