On average, listings lease in the $10's per square foot per year. The Touro submarket is going through a a rise in rates. In the last 3 months, the median rate increased $20 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Touro submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 3,630 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 0 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Touro folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.