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Downtown New Orleans

Downtown Development District

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Downtown By The Numbers

 

  • Over $7.6 billion in investments since 2005 (plus approximately $275 million in Charity Hospital with remediation beginning now and construction commencing in 2021)
  • 1.2 walkable square miles
  • Over 45 national retailers
  • 142,764 people are in Downtown on a given week-day
  • Largest employment center in Louisiana with 62,000 jobs
  • Heart of a regional population of 1.2 million
  • Downtown’s Arts District is home to 18 art galleries and 5 museums.
  • 249 restaurants & bars and 63 sidewalk cafes
  • 20,747 hotel rooms
  • Over 85% of “Vacant and Underutilized Properties” either redeveloped or under development since 2012
  • Number of apartments and condos have more than doubled since 2008 (7,357 units)
  • Sporting and cultural events attract 2.5 million visitors Downtown a year
  • 17.7 million annual visitors to Downtown
  • 8.8 million square feet of Class A office space
  • 243 retail stores
  • 7 parks and squares
  • $89,000 average household income of a Downtown resident

Commercial Space
Office Building Occupancy Rate

*Downtown Class A Space 88.7% *Downtown Class B Space 70.47%

Office Building Rental Rate

*CBD Class A ($/SqFt) $20.14 *CBD Class B ($/SqFt) $15.91

Residential

*Condo/Townhouse Price Range $/SqFt (Downtown) $457
*Condo/Townhouse Avg. Price (Downtown) $489,000
*Apartments Rent Avg. Price $/SqFt (Downtown) $1.94
*Apartments Rents Avg. Price (Downtown) $1,890

Updated January 2020

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