The typical asking rate per listing is in the $20's per square foot per year. The Covington region is going through a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Covington region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 83% of the listings in the Covington 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 0 and are Class A.