Downtown New Orleans

• Downtown construction permits increased 35% in 2011, resulting in $175,490,737 in new construction
• Over $3.6 billion in investment since 2005
• 1.2 walkable square miles
• 5,100 residents
• 120,000 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.
• 176 restaurants and 32 sidewalk cafes
• Looking for a place to live? There are 2,875 residential units Downtown and even more in the pipeline.
• 66 hotels with 21,013 hotel rooms
• 2,964 residential units with 1,800 more units on the way
• Sporting and cultural events attract 2.5 million visitors Downtown a year
• 9 major airlines service Louis Armstrong International Airport with 132 flights and 1,645 seats serving 36 cities
• Tourism generates $5 billion in visitor spending and more than $250-300 million in tax revenues

Commercial Space
Office Building Occupancy Rate

*Downtown Class A Space 87.4% *Downtown Class B Space 80.3%

Office Building Rental Rate

*CBD Class A ($/SqFt) $18 *CBD Class B ($/SqFt) $15

Residential

*Condo/Townhouse Price Range $/SqFt (Downtown) $275-$375 *Condo/Townhouse Avg. Price (Downtown) $341,854 *Apartments Rent Avg. Price $/SqFt (Downtown) $1.30 *Apartments Rents Avg. Price (Downtown) $1,660