Highway Park Sublease

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Highway Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,620
As of: February 22, 2017

Highway Park Rates

On average, listings lease in the $20's per square foot per year. The Highway Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 19% rise in rent.

Compared to the rest of the Greater New Orleans Region market, the Highway Park region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Highway Park Listing Supply

In the last 90 days, 3 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,620 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 0 and are Class B.

Highway Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Highway Park occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Highway Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Highway Park.
Research