French Quarter - CBD Sublease

French Quarter - CBD

Office Space Market Report

Number of Listings (last 90 days)
44
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,480
As of: February 23, 2017

French Quarter - CBD Rates

The typical asking rate per listing is in the $20's per square foot per year. The French Quarter - CBD region is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Greater New Orleans Region market, the French Quarter - CBD submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

French Quarter - CBD Listing Supply

In the last 90 days, 44 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the listings in the French Quarter - CBD are subleases, so you will probably have to consider a longer term 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 1,480 sqft. Most buildings in this area are around 4 floors. Most buildings in this area were built in 0 and are Class A.

French Quarter - CBD Community

This market 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.

Market Report

Trends and status of the commercial real estate market in French Quarter - CBD.
Market Report

Market Data

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