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Central Business District and Warehouse District price range in August of 2017

Using price per square foot to evaluate cost of housing

By Eric Craig

Over the last few months, our friends at NeighborhoodX have analyzed house prices in New Orleans. So far, the analytics and research firm evaluated over 10 New Orleans neighborhoods in depth and released a global analysis of seventeen neighborhoods in the city.

Today, NeighborhoodX revisited the Central Business District. In August of 2017, the research and analytics firm has valued the average price per square foot in the neighborhood at $441. In a Curbed New Orleans map that ranks 17 neighborhoods from least to most expensive, the CBD tied with the French Quarter as the most costly in the city.

“The upper end of the CBD is priced on par with the upper end of the French Quarter, where units at Maison du Parc were recently priced as high as $999 per square foot,” said Constantine Valhouli, Director of Research for NeighborhoodX.

1001 Julia Street Penthouse B ranks as the most expensive unit for sale in the CBD, priced at $998/square foot. Located in The Standard at the new South Market District, the condominium is slated for completion next year. In particular, this 15th-floor unit has three bedrooms, four bathrooms, and 3,154 square feet. Highlights include exceptional finishes, designer stainless steel appliances, and a 1,655-square-foot private terrace. The asking price is $3,150,000.

This surprisingly spacious condo on Commerce Street is the least expensive home for sale in the neighborhood. Priced it $288/square foot, this home has two bedrooms and 1.5 bathrooms. It has granite countertops, exposed brick walls, high ceilings, and ample closet space. The asking price is $299,999.

To see some of the other l properties in the Central Business District, check out the interactive graph below. Click on any particular address to learn more about that particular property.