Most listings are in the $20's per square foot per year. The Elmwood region is going through a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Elmwood region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 125% of the listings in the Elmwood are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 18,400 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 0 and are Class A.