The typical asking rate per listing is in the $20's per square foot per year. The Saint John submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $25 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Saint John submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the available leases in the Saint John are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 approximately 2 stories. Most buildings in this market were built in 0 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Saint John folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.