On average, listings lease in the $20's per square foot per year. The French Quarter - CBD region is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 27% increase in rent.
Compared to the rest of the Greater New Orleans Region market, the French Quarter - CBD submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 26 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 192% of the available space in the French Quarter - CBD 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.
Even though the median size is 3,010 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built in 0 and are Class A.
This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.