Most listings are in the $10's per square foot per year. The Central Business District region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Central Business District region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 20 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 5% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,030 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this region were built in 0 and are Class A.
This region 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.