On average, listings lease in the $20's per square foot per year. The Orleans Parish submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Orleans Parish region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 83 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Orleans Parish 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,760 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 0 and are Class Class B.