The typical asking rate per listing is in the $20's per square foot per year. The Central City - Garden District submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the Central City - Garden District region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been made available, which means office spaces might be 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 1,820 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 0 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central City - Garden District occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.