Most listings are in the $20's per square foot per year. The French Quarter - CBD submarket is seeing 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 French Quarter - CBD region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 54 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the office spaces in the French Quarter - CBD are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,640 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 0 and are Class A.
This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.