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 4.0% 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 has been in decline for seven consecutive quarters.
- The New Orleans metro had the lowest vacancy level since Q3 2019.
Office
The average Vacancy Rate was 16.7% in the New Orleans metro
- The New Orleans metro had the fifth lowest vacancy in the nation and the sixth lowest in the Southwest.
- No vacancy change since Q2 2022 in the New Orleans metro.
- Vacancy is expected to finish 2022 at 16.9% in the New Orleans metro.
Retail
The average Vacancy Rate was 15.6% in the New Orleans metro
- No vacancy change since Q2 2022 in the New Orleans metro.
- The New Orleans metro had the lowest vacancy level since Q3 2020.
- Vacancy is expected to finish 2022 at 15.6% in the New Orleans metro.
RENT
Apartment
The average Asking Rent was $1,303 in the New Orleans metro
- The New Orleans metro had the fastest rent growth in the Southwest region, third most rapid in the nation.
- Rent Has risen for six consecutive quarters in the New Orleans metro.
- Rent is expected to finish 2022 at $1,309 in the New Orleans metro.
Office
The average Asking Rent was $19.45 in the New Orleans metro
- The New Orleans metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $19.49 in the New Orleans metro.
Retail
The average Asking Rent was $15.87 in the New Orleans metro
- The New Orleans metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $15.90 in the New Orleans metro.