On average, listings lease in the $10's per square foot per year. The Central Business District submarket is going through a a rise in rates. In the last 3 months, the median rate increased $20 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Central Business District submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 20 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 215% of the office spaces in the Central Business District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,060 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 4 floors. Most buildings in this area were built in 0 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Business District occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.