New Orleans, LA Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Multifamily Property Asking Price Index - Sale Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$58,063.20 +5.4% +12.3%
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Metro
$73,870.94 +4.2% +25.4%

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Office Property Asking Price Index - Sale Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$92.87 +1.4% +5.6%
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Metro
$108.18 +3.3% +8.8%
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City
$102.68 +4.7% +10.8%

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Industrial Property Asking Price Index - Sale Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$46.21 +2.6% +0.8%
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Metro
$62.08 +2.4% +11.7%

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Retail Property Asking Price Index - Sale Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$98.01 +0.2% +2.7%
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Metro
$97.18 +2.0% -0.6%
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County
$94.89 +0.9% +3.5%
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City
$117.84 +2.9% +6.6%

Current New Orleans market trends data indicates an increase of +2.9% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with an increase of +6.6% compared to last year's prices. County-wide, asking prices for Retail Commercial properties are 0.9% higher at $95 per sq ft compared to the current median price of $118 per sq ft for Retail Commercial properties in New Orleans, LA.

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Office Property Asking Rent - Lease Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$15.42 -0.2% +0.2%
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Metro
$16.16 -0.6% -1.8%
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County
$15.97 -3.2% -5.1%
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City
$15.99 -2.7% -3.9%

The average asking rental rate per sq ft/year for Office properties in New Orleans, LA as of Jun 14 was $15.99. This represents a decrease of -2.7% compared to the prior 3 months, with a decrease of -3.9% year-over-year. County-wide, average rental rates in New Orleans are -3.2% lower at $15.97 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$6.39 -1.2% +5.7%
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Metro
$6.47 -0.5% +7.8%
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City
$6.83 +0.9% +16.4%

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Retail Property Asking Rent - Lease Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$13.09 -1.0% -0.5%
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Metro
$13.06 -3.8% -7.7%
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County
$14.85 -11.4% -14.5%
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City
$14.93 -10.7% -13.4%

The average asking rental rate per sq ft/year for Retail Commercial properties in New Orleans, LA as of Jun 14 was $14.93. This represents a decrease of -10.7% compared to the prior 3 months, with a decrease of -13.4% year-over-year. County-wide, average rental rates in New Orleans are -11.4% lower at $14.85 per sq ft/year for Retail Commercial properties currently for lease.