Most listings are in the $10's per square foot per year. The French Quarter - CBD region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 23% 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 depreciated submarket.
In the last 90 days, 26 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces 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 3,030 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 4 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 region. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.