On average, listings lease in the $20's per square foot per year. The Algiers region is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Algiers region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have been posted online, which means leases 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,180 sqft. Most properties in this market are around 1 stories. Most buildings in this region 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 residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.