DDD: Downtown New Orleans Facts | New Orleans by the Numbers - Hotel Rooms, Office Space, Companies, De

Downtown New Orleans Facts

Demographics

Total Population Estimates (Orleans parish, August 2007)	273,598
Total Population (Downtown & French Quarter, July 2006)	5,712
Unemployment Rate (as of November 2007)	3.1

Hotels (December 2006)

# of Downtown Hotels	92
# of Downtown Hotel Rooms	16,917
Hotel Occupancy Rate (Monthly %)	64%

Commercial (2007)

Office Building Occupancy Rate

Downtown Class A Space (SF)	87.9%
Downtown Class B Space (SF)	83%

Office Building Rental Rate (2Q2006)

CBD Class A ($/SqFt)	$16.25
CBD Class B ($/SqFt)	$13.25

Residential

# of Downtown Condo Units (estimated)	1,053
Condo/Townhouse Price Range $/SqFt (Downtown)	$275-$375
Condo/Townhouse Avg. Price (Orleans Parish, 06)	$250,000
# of Downtown Apartment Units (estimated)	572
Apartments Rent Price Range $/SqFt (Downtown)	$1.50-$2.00
Apartments Rents Avg. Price (Orleans Parish, 06)	$1,182
New Downtown Residential Units Proposed (estimated)	3,000

Major Corporations Downtown

Shell	Harrah’s
Tidewater Inc.	Capital One
McDermott International Inc.	Entergy Corp

Air Transportation

132 daily flights serving 38 cities with direct flights or 82% of our Pre-Katrina level of seats per day. 9 Major Airlines. Louis Armstrong International Airport services most commercial carriers - www.flymsy.com. Lakefront Airport serves primarily charter and private flights - www.lakefrontairport.com .

Tourism

Tourism generates $5 billion in visitor spending and more than $250-300 million in tax revenues. For more information on tourism, visit the New Orleans Convention and Visitors Bureau at www.nomcvb.com.

Source:

Greater New Orleans Community Data Center (April 2007)
New Orleans Metropolitan Convention & Visitors Bureau (NOMCVB)
Economic Research Associates (December 06)
GCR & Associates (August 07)
University of New Orleans College of Business (Fall 06)
Greater New Orleans Community Data Center

Federal Incentives

Project Support Criteria

Developments in Progress

State Incentives

DDD Incentives

Developer's Guide to City Hall

Downtown Facts

Retail Support

Facade Improvement Grant

Facade Micro Grant

Sidewalk Enhancement Grant

"I not only have my business downtown, but I live downtown! I am enjoying being a part of the revitalization of the warehouse/arts district as a gallery owner."
-Jean Bragg, owner, Jean Bragg Gallery

BON TEMPS DOWNTOWN
Good times are part of the cultural fabric of New Orleans, and Downtown has long been a focal point for community celebrations. From street parties to after-work concerts in Lafayette Square to Mardi Gras festivities and sporting events at the Louisiana Superdome and New Orleans Arena, Downtown is where New Orleans comes for many of its premier leisure time activities.
Learn more about living Downtown!

Lafayette Square – Upper CBD Height Study Report