On average, listings lease in the $20's per square foot per year. The Central City - Garden District region is going through a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Greater New Orleans Region market, the Central City - Garden District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 400% of the listings in the Central City - Garden 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,030 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 0 and are Class B.
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 region. Commute by bike is the most popular way to get to work amongst Central City - Garden District residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.