Highway Park Retail

Highway Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,080
As of: June 28, 2017

Highway Park Rates

Most listings are in the $20's per square foot per year. The Highway Park region is going through a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.

Compared to the rest of the Greater New Orleans Region market, the Highway Park submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Highway Park Listing Supply

In the last 90 days, 5 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 300% of the office spaces in the Highway Park are subleases, so you might be able to snag a great spot on a short term. 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 3,080 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 0 and are Class B.

Highway Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Highway Park residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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