Insights
Louisiana
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 2 Louisiana MARKETSToggle markets
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.
VACANCY
Apartment
The average Vacancy Rate was 4.9% in the New Orleans metro
- Vacancy in the New Orleans metro drifted upward by 30 basis points.
- The New Orleans metro had the highest vacancy level since Q3 2021.
Office
The average Vacancy Rate was 16.6% in the New Orleans metro
Retail
The average Vacancy Rate was 16.1% in the New Orleans metro
- No vacancy change since Q3 2023 in the New Orleans metro.
- The New Orleans metro had the highest vacancy level since Q2 2021.