On average, listings lease in the $20's per square foot per year. The Central Business District region is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 47 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the listings in the Central Business District are subleases, so you will probably have to consider a longer term lease. 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 2,430 sqft. Most buildings in this area are close to 5 floors. Most buildings in this area were built in 0 and are Class A.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. 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.