French Quarter Sublease

French Quarter

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
12,500
As of: May 23, 2017

French Quarter Rates

The typical asking rate per listing is in the $10's per square foot per year. The French Quarter submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 38% decrease in rent.

Compared to the rest of the Greater New Orleans Region market, the French Quarter region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

French Quarter Listing Supply

In the last 90 days, 6 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the French Quarter 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 12,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this market were built in 0 and are Class A.

French Quarter Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst French Quarter folk. Commuting around 15 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 French Quarter.
Market Report

Market Data

Real time and historical data on commercial real estate listings in French Quarter.
Research