On average, listings lease in the $30's per square foot per year. The French Quarter submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 7 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,390 sqft. Most buildings in this region were built in 1966 and are Class A.
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 area. Commute by car is the most popular way to get to work amongst French Quarter folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.