Insights
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 4.5% in the New Orleans metro
- The New Orleans metro had the fourth lowest vacancy in the nation and the fifth lowest in the Southwest.
- Vacancy in the New Orleans metro drifted downward by 10 basis points.
- The New Orleans metro had the lowest vacancy level since Q1 2020.
Office
The average Vacancy Rate was 16.9% in the New Orleans metro
- The New Orleans metro had the fourth lowest vacancy in the nation and the sixth lowest in the Southwest.
- No vacancy change since year-end 2021 in the New Orleans metro.
- The New Orleans metro had the highest vacancy level since Q1 1999.
Retail
The average Vacancy Rate was 15.9% in the New Orleans metro
- No vacancy change since year-end 2021 in the New Orleans metro.
- Vacancy is expected to finish 2022 at 15.6% in the New Orleans metro.
RENT
Apartment
The average Asking Rent was $1,209 in the New Orleans metro
- Rent in the New Orleans metro was up 2.5% from year-end 2021.
- Rent is expected to finish 2022 at $1,238 in the New Orleans metro.
Office
The average Asking Rent was $19.41 in the New Orleans metro
- The New Orleans metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $19.40 in the New Orleans metro.
Retail
The average Asking Rent was $15.86 in the New Orleans metro
- Rent in the New Orleans metro was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $15.83 in the New Orleans metro.