Central Business District Sublease

Central Business District

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,190
As of: July 27, 2017

Central Business District Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Business District submarket is going through a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 27% rise in rent.

Compared to the rest of the Greater New Orleans Region market, the Central Business District region has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Central Business District Listing Supply

In the last 90 days, 20 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 220% of the listings in the Central 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,280 sqft. Most buildings in this market are close to 4 stories. Most buildings in this region were built in 0 and are Class A.

Central Business District Community

This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Business District folk. Commuting more than an hour and a half 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 Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Business District.
Research