French Quarter - CBD Retail

French Quarter - CBD

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,030
As of: May 21, 2017

French Quarter - CBD Rates

Most listings are in the $10's per square foot per year. The French Quarter - CBD region is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 23% decline in rent.

Compared to the rest of the Greater New Orleans Region market, the French Quarter - CBD submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

French Quarter - CBD Listing Supply

In the last 90 days, 26 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the French Quarter - CBD are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,030 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this market were built in 0 and are Class A.

French Quarter - CBD Community

This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD residents. Commuting close to 15 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 French Quarter - CBD.
Market Report

Market Data

Real time and historical data on commercial real estate listings in French Quarter - CBD.
Research