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Louisiana
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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.
VACANCY
Apartment
The average Vacancy Rate was 4.8% in the New Orleans metro
- Vacancy in the New Orleans metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2024 at 5.0% in the New Orleans metro.
Office
The average Vacancy Rate was 17.8% in the New Orleans metro
- Vacancy in the New Orleans metro fell by 50 basis points.
- The New Orleans metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 18.3% in the New Orleans metro.
Retail
The average Vacancy Rate was 15.6% in the New Orleans metro
- Vacancy in the New Orleans metro drifted downward by 40 basis points.
- The New Orleans metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 15.7% in the New Orleans metro.
RENT
Apartment
The average Asking Rent was $1,332 in the New Orleans metro
- Rent in the New Orleans metro was down 0.4% from Q1 2024.
- Rent is expected to finish 2024 at $1,339 in the New Orleans metro.
Office
The average Asking Rent was $19.89 in the New Orleans metro
- Rent in the New Orleans metro was up 0.1% from Q1 2024.
- Rent Has risen for six consecutive quarters in the New Orleans metro.
- Rent is expected to finish 2024 at $20.03 in the New Orleans metro.
Retail
The average Asking Rent was $16.04 in the New Orleans metro
- Rent in the New Orleans metro was up 0.1% from Q1 2024.
- Rent is expected to finish 2024 at $16.12 in the New Orleans metro.