Central City Retail

Central City

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,970
As of: December 9, 2016

Central City Rates

Most listings are in the $20's per square foot per year. The Central City submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 18% rise in rent.

Compared to the rest of the Greater New Orleans Region market, the Central City region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Central City Listing Supply

In the last 90 days, 2 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,970 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 0 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central City occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research