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On average, listings lease in the $20's per square foot per year. The Greater New Orleans Region submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Greater New Orleans Region submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
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