The typical asking rate per listing is in the $20's per square foot per year. The French Quarter region is experiencing a a boost in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the French Quarter submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the French Quarter are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,850 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 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 region. Commute by public transit is the most popular way to get to work amongst French Quarter folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.