Orleans Parish Office Space

Orleans Parish

Office Space Market Report

Number of Listings (last 90 days)
87
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,770
As of: May 18, 2017

Orleans Parish Rates

Most listings are in the $10's per square foot per year. The Orleans Parish region is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 21% decline in rent.

Compared to the rest of the Greater New Orleans Region market, the Orleans Parish submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Orleans Parish Listing Supply

In the last 90 days, 87 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases 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 2,770 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 0 and are Class Class B.

Orleans Parish Community

Market Report

Trends and status of the commercial real estate market in Orleans Parish.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Orleans Parish.
Research

Orleans Parish Submarkets