DDD WELCOMES DR. MICHAEL MCKNIGHT AS CFO
Downtown Development District of New Orleans is proud to welcome Dr. Michael McKnight, Sr. as the new Chief Financial Officer…
Read MoreThe commercial and residential heart of New Orleans
WEEKLY SUPER BOWL INFRASTRUCTURE UPDATES
GNO, Inc. has developed a weekly update on road closures and infrastructure projects in and around the clean zone leading…
Read MorePOYDRAS STREET IMPROVEMENT PROJECT COMPLETE
This week, the City of New Orleans Department of Public Works (DPW), in partnership with the Louisiana Department of Transportation and Development (LaDOTD) and…
Read MoreNearly $1 Billion
In Real Estate Development Activity
1.2
Walkable Square Miles
Over 85%
of “Vacant and Underutilized Properties” either redeveloped or under development since 2012
9.2M
square feet of Class A office space
#1
Largest Employment Center in Louisiana
$104,934
Median Household Income of a Downtown Resident
6,300
Apartment and Condo Units, 1,000+ Delivered Since 2019
1,206
Registered Businesses (2023)
235
Retail Stores
251
Restaurants & Bars
115
Hotels
22,399
Hotel Rooms
21+
Arts Galleries
9+
Museums
10
Parks and Open Spaces
The Heart of a Region with
1.2 Million People
131.7K
People in Downtown on a Given Day (2023)
35.6M
Visits to Downtown (2023)
2.5M
Visitors Attracted to Downtown by Sporting and Cultural Events Annually
Commercial Space
Office Building Occupancy Rate
81.9%
Downtown Class A Space
87.6%
Downtown Class B Space
Office Building Rental Rate
$20.94
CBD Class A ($/SqFt)
$20.88
CBD Class B ($/SqFt)
Residential Space
6,300
Apartments/Condos
$195 K
Condo/Townhouse Avg. Price
$2.40
Apartments Average Rent ($/SqFt)
$1,957
Apartment Average Rent