City Council Unanimously Approves 2023 Budget
FOR IMMEDIATE RELEASE December 1, 2022 New Orleans City Council Unanimously Approves Downtown Development District’s 2023 Budget NEW ORLEANS –…
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Downtown Holiday Events
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Read MoreOver $8 Billion
Investments Since 2005
1.2
Walkable Square Miles
Over 85%
of “Vacant and Underutilized Properties” either redeveloped or under development since 2012
8.8M
square feet of Class A office space
62,000
Largest Employment Center in Louisiana
$89K
average household income of a Downtown resident
7,357
apartment and condo units, more than doubled since 2008
45+
National Retailers
243
Retail Stores
249
Restaurants & Bars
63
Sidewalk Cafés
20,747
Hotel Rooms
18
Arts Galleries
5
Museums
7
Parks and Squares
The Heart of a Region with
1.2 Million People
142,764
People in Downtown on a Given Day
17.7M
Annual Visitors to Downtown
2.5M
visitors attracted to Downtown by sporting and cultural events annually
Commercial Space
Office Building Occupancy Rate
88.7%
Downtown Class A Space
70.47%
Downtown Class B Space
Office Building Rental Rate
$20.14
CBD Class A ($/SqFt)
$15.91
CBD Class B ($/SqFt)
Residential Space
$457
Condo/Townhouse Price Range ($/SqFt)
$489 K
Condo/Townhouse Avg. Price
$1.94
Apartments Rate Avg. Price ($/SqFt)
$1,890
Apartment Rents Avg. Price
Contact Us
201 St. Charles Ave., Suite 3912
New Orleans, LA 70170
504.561.8927
[email protected]
Public Safety
504.415.1730
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