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 decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Orleans Parish submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 66 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Orleans Parish 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,820 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 0 and are Class Class B.