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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 5.4%

Drifted downward by 10 basis points.
Expected to finish 2021 at 5.8%.

Office

Average Vacancy Rate 15.8%

Drifted upward by 20 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2021 at 16.4%.

Retail

Average Vacancy Rate 16.3%

Second highest in the nation. Only New Haven is currently softer.
Drifted upward by 20 basis points.
Highest level since Q3 1998.

RENT

Apartment

Average Asking Rent $1,102

Down 1.0% from year-end 2020.
Expected to finish 2021 at $1,124.

Office

Average Asking Rent $19.36

Fastest rent growth in the Southwest region, sixteenth most rapid in the nation.
Expected to finish 2021 at $18.23.

Retail

Average Asking Rent $15.69

Up 0.4% from year-end 2020.
Expected to finish 2021 at $14.28.

Learn more about the Louisiana markets from one of our professionals

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