The typical asking rate per listing is in the $20's per square foot per year. The French Quarter - CBD submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Greater New Orleans Region market, the French Quarter - CBD region 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 made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 150% of the available space in the French Quarter - CBD 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.
The standard measurement for office space in this area is around 2,160 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 0 and are Class A.
This area is fairly equally mixed residential and commercial. Agriculture is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.