Orleans Parish Retail

Orleans Parish

Office Space Market Report

Number of Listings (last 90 days)
87
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,770
As of: May 24, 2017

Orleans Parish Rates

Most listings are in the $10's per square foot per year. The Orleans Parish submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 21% decline in rent.

Compared to the rest of the Greater New Orleans Region market, the Orleans Parish submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Orleans Parish Listing Supply

In the last 90 days, 87 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Orleans Parish are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 0 and are Class Class B.

Orleans Parish Community

Market Report

Trends and status of the commercial real estate market in Orleans Parish.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Orleans Parish.
Research

Orleans Parish Submarkets