The typical asking rate per listing is in the $20's per square foot per year. The Central Business District region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 51 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Central Business District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,440 sqft. Most buildings in this market are close to 4 stories. Most buildings in this area were built in 0 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Business District residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.