Most listings are in the $10's per square foot per year. The Algiers submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Algiers region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have come on the market, 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Algiers occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.