Covington Retail

Covington

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,720
As of: June 21, 2017

Covington Rates

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.

Covington Listing Supply

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.

Covington Community

Market Report

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

Market Data

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