French Quarter - CBD Office Space

French Quarter - CBD

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
3,010
As of: July 24, 2017

French Quarter - CBD Rates

On average, listings lease in the $20's per square foot per year. The French Quarter - CBD region is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 27% increase in rent.

Compared to the rest of the Greater New Orleans Region market, the French Quarter - CBD submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

French Quarter - CBD Listing Supply

In the last 90 days, 26 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 192% of the available space in the French Quarter - CBD 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 3,010 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built in 0 and are Class A.

French Quarter - CBD Community

This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD folk. Commuting around 15 minutes 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 French Quarter - CBD.
Market Report

Market Data

Real time and historical data on commercial real estate listings in French Quarter - CBD.
Research