On average, listings lease in the $10's per square foot per year. The Saint John submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $38 per sqft per year. That's a 71% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Saint John region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 6,760 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 0 and are Class Class A.
A large portion of this region is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Saint John residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.