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CBD-6 Office Suites
For Lease
$18.50 SF/Yr

643 Magazine Street, New Orleans, LA 70130

Compact offices with access to structured parking across the street.

Space SizeContact for details
Days on Market3339

Property Features for 643 Magazine Street

General Information

Standard status Active
Property subtype Office
Zoning CBD-6
Lease Type Full Service

Additional Details

Space Use Office

Amenities

Water
Sewer

Spaces For Lease

at 643 Magazine Street Contact us

Available Space $18.50/Mo

Contact us
Listing Agency: Talbot Realty Group
Listed By: Robert Talbot · License #000006978
Source: Lacdb.resimplifi
Added: Jul 11, 2017 Changed: Aug 29 Last Checked: Aug 31 at 1:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Talbot Realty Group

Investment Insights

Based on property information with market context.

The IP Building contains multiple compact office suites designed for efficient office use. The property is situated within the CBD-6 zoning district and has a reported property size of 85,000.

Parking is provided through a garage located across the street at 618 Magazine Street. The property address is 643 Magazine Street, New Orleans, Louisiana 70130.

Key Highlights

  • Multiple small office suites within the IP Building
  • CBD‑6 zoning designation
  • Parking garage located across the street at 618 Magazine Street

Property Analytics

Current Use

Deltree - Film & Digital ... Film Production welcome to college (Bike/Boat/Book/etc) Store Division 16 General Contractor Lagniappe Insurance LLC Insurance Agency Key Real Estate ... Real Estate Agency

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Home Appliance Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,411
Businesses Nearby

Demographics for 70130, LA

14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value

Market

Lease Benchmarks for New Orleans, LA

$20.69 /SF/Yr
Avg Asking Price
$2.37–$117 /SF/Yr
Price Range
14,168 SF
Avg Space Size

This space is priced 11% below the average of $20.69 /SF/Yr.

Vacancy Rate% for Office in New Orleans, LA

8.9% 2019
9.7% 2020
11.3% 2021
10.2% 2022
10.9% 2023
11.6% 2024
9.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Compact offices with access to structured parking across the street.
Where is this office units located?
The property is located at 643 Magazine Street New Orleans, LA.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: Multiple small office suites within the IP Building; CBD‑6 zoning designation; Parking garage located across the street at 618 Magazine Street
More about this property
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