The typical asking rate per listing is in the $20's per square foot per year. The Elmwood region is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the Elmwood submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been listed, which means leases most likley are going fast. 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 3,450 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 0 and are Class Class A.