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Street-Level Retail Space
For Lease
$10.96 SF/Yr

1501 Canal St, New Orleans, LA 70112

Open-plan commercial space in the CBD-7 zone with natural light and strong street visibility.

Space SizeContact for details
Days on Market301

Property Features for 1501 Canal St

General Information

Standard status Active
Property subtype Retail
Zoning CBD-7
Lease Type NNN

Building Details

Year Built 1951

Spaces For Lease

at 1501 Canal St Contact us

Available Space $10.96/Mo

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Listing Agency: HRI Realty Services
Listed By: Priscilla Perry
Source: Lacdb.resimplifi
Added: Nov 3, 2025 Changed: Aug 30 Last Checked: Aug 31 at 12:49PM

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 HRI Realty Services

Investment Insights

Based on property information with market context.

This street-level commercial space occupies the ground floor of the Marais apartment building at 1501 Canal St. The layout is open, with substantial natural light and visible positioning along Canal Street. The property is identified for retail or office use and carries CBD-7 zoning.

The building is located in New Orleans’ biomedical district, near shops, restaurants, cultural attractions, and public transportation. The property size is 108,830 SF, and the building was constructed in 1951. Ground-floor commercial space is integrated with the Marais Apartments, creating a mixed residential and business setting.

Key Highlights

  • Street‑level retail or office space at 1501 Canal St
  • Open floor plan with abundant natural light
  • CBD‑7 zoning in New Orleans’ biomedical district

Property Analytics

Current Use

Marais Apartments Apartment Building Segway Nation Tours ... Tour Operator

Suggested Use

Top Pick Kitchen & Bath Showroom Furniture & Home Goods (Bike/Boat/Book/etc) Store HVAC Service Nursing Home Daycare Center

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
$1.64 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,709
Businesses Nearby

Demographics for 70112, LA

4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value

Market

Lease Benchmarks for New Orleans, LA

$29.77 /SF/Yr
Avg Asking Price
$5.5–$250 /SF/Yr
Price Range
26,081 SF
Avg Space Size

This space is priced 63% below the average of $29.77 /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?
Retail space - Open-plan commercial space in the CBD-7 zone with natural light and strong street visibility.
Where is this retail space located?
The property is located at 1501 Canal St New Orleans, LA.
What is the lease rate?
The lease rate is $10.96 SF/Yr.
What are key features of this property?
This property features: Street‑level retail or office space at 1501 Canal St; Open floor plan with abundant natural light; CBD‑7 zoning in New Orleans’ biomedical district
More about this property
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