French Quarter Sublease

French Quarter

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,260
As of: December 10, 2016

French Quarter Rates

Most listings are in the $20's per square foot per year. The French Quarter region is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Greater New Orleans Region market, the French Quarter region has higher rates, and you'll need to make a great offer to be in this hot submarket.

French Quarter Listing Supply

In the last 90 days, 5 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,260 sqft. Most properties in this market are close to 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 market. Commute by public transit is the most popular way to get to work amongst French Quarter folk. Commuting approximately 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