French Quarter - CBD Retail

French Quarter - CBD

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

French Quarter - CBD Rates

Most listings are in the $20's per square foot per year. The French Quarter - CBD region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Greater New Orleans Region market, the French Quarter - CBD submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

French Quarter - CBD Listing Supply

In the last 90 days, 39 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the French Quarter - CBD are subleases, so you will probably have to focus your search on direct office leases. 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 3,280 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this market were built in 0 and are Class A.

French Quarter - CBD Community

A large portion of this market is residential, but there's plenty of office_space. Agriculture is the dominant industry in this region. 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.