Most listings are in the $20's per square foot per year. The Elmwood region is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Elmwood region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,740 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 0 and are Class Class A.