Covington, LA
Commercial Real Estate Market Trends & Data

$312 Avg asking sale price
$17 Avg asking lease rate
6,059 SF Avg unit lease size
8,452 SF Avg building size for sale
6.93% Average cap rate

Covington's Demographic Profile

Covington has 5,190 households and a median income of $63,050, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 12,860
# Households 5,190
Median age 41
Median household income $63,050
Avg household size 2.0
Renter-occupied housing units 1,639
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Covington, LA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Madisonville $279 3,567 SF 7.00%
Mandeville $215 12,003 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Covington $567 4,048 SF
Mandeville $399 4,682 SF
Loranger $60 4,000 SF
Bogalusa $63 36,646 SF
Ponchatoula $180 6,945 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Hammond $155 33,000 SF 7.03%
Metairie $164 41,438 SF 9.80%

Commercial Properties For Sale in Covington

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Hampton by Hilton Inn Covington

Covington, LA 70433

  • 49,969 SF Hospitality
  • 8.65% Cap Rate
  • $7,000,000
For Sale

CAVA | New 10-Year Corporate Lease

Covington, LA 70433

  • 2,573 SF Retail Building
  • 6.00% Cap Rate
  • $2,873,183
For Sale

315 N Highway 190

Covington, LA 70433

  • 5,434 SF Retail Building
  • $2,250,000
For Sale

803 Collins Blvd

Covington, LA 70433

  • 1,080 SF Retail Building
  • $325,000
For Sale

Covington

Covington, LA 70433

  • 4,847 SF Retail Building
  • $2,100,000
For Sale

60 Starbrush Cir

Covington, LA 70433

  • 0.73 AC Lot
  • 1 Commercial Lot
  • $259,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Covington pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Covington $312 8,452 SF
Folsom $312 1,602 SF
Abita Springs $116 19,000 SF
Bush $25 40,092 SF

Regional Demographic Comparison

This comparison places Covington alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Covington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Covington 12,860 5,190 41 $63,050 2 1,639 7%
Folsom 830 327 44 $46,136 3 76 5%
Abita Springs 2,733 1,144 44 $70,089 2 170 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Covington, LA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Covington

View All Commercial Real Estate For Sale in Covington
Is Covington a good market for a first-time commercial real estate investor?

Covington offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Covington?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Covington. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Covington?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Covington. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Covington compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Covington. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Covington acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Covington, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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