The typical asking rate per listing is in the $10's per square foot per year. The French Quarter - CBD submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $20 per sqft per year.
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 undervalued region.
In the last 90 days, 26 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 188% of the listings in the French Quarter - CBD are subleases, so you might be able to snag a great spot on a short term. 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 3,180 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this region were built in 0 and are Class A.
This region 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 occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.