On average, listings lease in the $40's per square foot per year. The Madisonville region is seeing a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 120% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the Madisonville 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 listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 180 sqft. Most properties in this market are around 1 stories. Most buildings in this market were built in 0 and are Class Class B.