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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
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Air Transportation132 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
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Living it Up
Downtown's neighborhoods are home for residents from all walks of life. Condominiums and apartments are being built and renovated at a rapid pace making Downtown a desired location to live as well as work and play.
Downtown residents and businesses benefit by having this vibrant atmosphere at their doorstep, as well as world-class restaurants, exciting museums and other year-round cultural attractions that make up the Downtown experience. The DDD staff, programs and services are focused on keeping Downtown the safe, clean and thriving destination for all this and more.
Looking for a place to live Downtown?
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