On average, listings lease in the $20's per square foot per year. The Covington region is seeing a decline in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 38% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Covington submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this market were built in 0 and are Class A.