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Louisiana

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Market Overview

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EXPLORE 2 Louisiana MARKETSToggle markets

Baton Rouge
New Orleans

Baton Rouge

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VACANCY

Distribution / Warehousing

Average Vacancy Rate 17.7%

Second highest in the nation. Only Augusta is currently softer.
Fell by 140 basis points.
Expected to finish 2019 at.

RENT

Distribution / Warehousing

Average Asking Rent $5.57

Down 0.2% from year-end 2018.
Expected to finish 2019 at.

Learn more about the Louisiana markets from one of our professionals

Learn more about the Louisiana markets from one of our professionals.

New Orleans

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VACANCY

Apartment

Average Vacancy Rate 5.2%

Drifted upward by 30 basis points.
Highest level since Q1 2018.
Expected to finish 2020 at 7.6%.

Office

Average Vacancy Rate 14.2%

No change since Q1 2020.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 16.1%.

Retail

Average Vacancy Rate 15.0%

Declined by 60 basis points.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 17.4%.

RENT

Apartment

Average Asking Rent $1,111

Down 0.2% from Q1 2020.
Expected to finish 2020 at $1,082.

Office

Average Asking Rent $19.17

Down 0.8% from Q1 2020.
Expected to finish 2020 at $17.69.

Retail

Average Asking Rent $15.74

Down 0.4% from Q1 2020.
Expected to finish 2020 at $13.86.

Learn more about the Louisiana markets from one of our professionals

Learn more about the Louisiana markets from one of our professionals.