Compared to the rest of the Greater New Orleans Region market, the Elmwood Business District submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 182% of the available leases in the Elmwood Business District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 18,400 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 0 and are Class A.
Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Elmwood Business District occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.