On average, listings lease in the $50's per square foot per year. The French Quarter region is going through a an increase in rates. In the last 3 months, the median rate increased $50 per sqft per year.
In the last 90 days, 11 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 55% of the office spaces in the French Quarter are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,680 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1900 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst French Quarter residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.