The typical asking rate per listing is in the $20's per square foot per year. The Orleans Parish submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Greater New Orleans Region market, the Orleans Parish region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 87 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Orleans Parish are subleases, so you will probably have to focus your search on direct office leases. 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 2,280 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 0 and are Class Class B.