On average, listings lease in the $20's per square foot per year. The Greater New Orleans Region submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Greater New Orleans Region submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 245 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Greater New Orleans Region 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.
The standard measurement for office space in this area is around 2,030 sqft. Most properties in this region are approximately 1 floors. Most buildings in this area were built in 0 and are Class Class B.