On average, listings lease in the $20's per square foot per year. The French Quarter - CBD submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $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 - CBD region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 26 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the available space in the French Quarter - CBD are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,770 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 0 and are Class A.
This region is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.