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CBD-Warehouse - Town vs. County Stats

CBD-Warehouse - Town vs. County Stats

Avg Price in CBD-Warehouse: $702,300/Co. / County Avg $483,100

73%

Avg Sq. Ft. in CBD-Warehouse: 1,364/Co. / County Avg 2,002

34%

Avg Price per/ft2 in CBD-Warehouse: $515/Co. / County Avg $241

213%

Avg Walkscore in CBD-Warehouse: 95 / County Avg 66

72%

Avg Year Built in CBD-Warehouse: 1949/Co. / County Avg 1959

50%

Avg Days on Website in CBD-Warehouse: 138/Co. / County Avg 113

61%

CBD-Warehouse Real Estate Market Health

New Listings
Reductions
Foreclosures
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Central Business District (CBD)
After the Louisiana Purchase in 1803, Americans came in large numbers and settled apart from the earlier French community. Across the neutral ground that was Canal Street and slightly upriver from the French Quarter was the Faubourg St. Mary which is today known as the Central Business District or CBD.
The CBD’s borders include the riverfront, the Expressway and Claiborne Avenue. Prior to the settlement by the Americans, most of the area was the home of Bienville and his land grant. Later the Jesuits called the place home when Bienville left Louisiana in 1743. Sometime after the Jesuits left, the area was sold to Andre Renard, and he named the area Faubourg St. Marie after his wife. Later on, lots were subdivided and most of the streets were named under Spanish rule, most notable was St. Charles named after Carlos III, King of Spain.
Today the modern CBD is a dynamic, mixed-use neighborhood. It is NOLA’s version of “downtown”. The Central Business District is a home to offices and corporations, all housed in tall buildings, also specialty retail shops, clubs and restaurants. Thousands of residents inhabit restored historic commercial and industrial buildings. As of 2000, the US Census showed 3,435 inhabitants in the CBD.
The CBD provides the lifeblood to the New Orleans tourist industry, with easy access to the French Quarter and all entertainment and hospitality venues. Some of the notables include: The Mercedes-Benz Superdome, New Orleans Arena, Morial Convention Center, Harrah’s Casino, the Riverwalk mall, Aquarium of the Americas, and a host of large hotels, theatres, restaurants, retail stores and a huge medical complex, which includes, Tulane University Medical Center, LSU Medical School and Charity Hospital.
The Warehouse District area of the CBD has flourished since the 1984 World’s Fair, and is a mecca for nightlife, loft-style living, art galleries and museums. And among museums, the most notable is the gigantic National World War II Museum (associated with the Smithsonian Institute) which is designated by Congress as America’s WWII Museum and includes a special exhibit by Boeing and New Orleans-made Higgins war boats.
Sources: Wikipedia 2013, US Census 2000, Greater New Orleans Community Data Center. "Central Business District Neighborhood".