The typical asking rate per listing is in the $10's per square foot per year. The Garden District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 30% decrease in rent.
In the last 90 days, 4 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,100 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 0 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the folk of Garden District work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.