French Quarter - CBD Sublease

French Quarter - CBD

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

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 decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease 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, 43 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the French Quarter - CBD are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,280 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this region were built in 0 and are Class A.

French Quarter - CBD Community

A large portion of this region is residential, but there's plenty of office_space. Agriculture is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst French Quarter - CBD residents. 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.