Central City - Garden District Sublease

Central City - Garden District

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 28, 2016

Central City - Garden District Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central City - Garden District region is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.

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

Central City - Garden District Listing Supply

In the last 90 days, 7 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,630 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 0 and are Class Class B.

Central City - Garden District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central City - Garden District residents. Commuting close to an hour 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 City - Garden District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central City - Garden District.