On average, listings lease in the $30's per square foot per year. The Milan submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the Milan submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,630 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 0 and are Class Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Milan occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.