DDD RELEASES Q1 2024 MARKET REPORT
The first quarter of 2024 in Downtown New Orleans continued the forward momentum of 2023 and was one which DDD President…
Read MoreThe commercial and residential heart of New Orleans
RAMPART STREETCAR LINE REOPENS
The New Orleans Regional Transit Authority (RTA) announced that the Rampart Streetcar Line will resume service on Sunday, May 19th, after being closed…
Read More2024 DOWNTOWN NOLA AWARD NOMINATIONS OPEN
Nominate your favorite Downtown New Orleans property owners, businesses, residents, workers, and organizations to be honored at the 2024 Downtown…
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
7
Parks and Squares
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