New Orleans, LA
Commercial Real Estate Market Trends & Data

$202 Avg asking sale price
$21,386 Avg asking lease rate
68,873 SF Avg unit lease size
28,313 SF Avg building size for sale
7.62% Average cap rate

New Orleans's Demographic Profile

New Orleans has 155,890 households and a median income of $48,881, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 360,945
# Households 155,890
Median age 40
Median household income $48,881
Avg household size 2.0
Renter-occupied housing units 86,500
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near New Orleans, LA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
New Orleans $200 16,591 SF 7.00%
Terrytown $216 17,279 SF 7.00%
Nearby Retail Markets Avg Cost/SF Typical Size
New Orleans $270 30,161 SF
Chalmette $333 4,880 SF
Arabi $443 5,320 SF
Terrytown $56 26,775 SF
Gretna $56 26,775 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
New Orleans $182 32,927 SF 10.00%
Metairie $150 41,738 SF 9.80%

Commercial Properties For Sale in New Orleans

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

Interstate 10 Parcel

Kenner, LA 70065

  • 0.60 AC Lot
  • 1 Commercial Lot
  • $499,000
For Sale

1025 Airline Dr

Kenner, LA 70062

  • 6.75 AC Lot
  • 1 Commercial Lot
  • $5,000,000
For Sale

Prime Development Opportunity

New Orleans, LA 70131

  • 15 AC Lot
  • 1 Commercial Lot
  • $1,495,000
For Sale

0.65-Acre Mixed-Use Assemblage

New Orleans, LA

  • $1,400,000
For Sale

Large Metairie, LA In-Fill Site

Metairie, LA 70002

  • 1.02 AC Lot
  • 1 Commercial Lot
  • $1,900,000
For Sale

834 Josephine St

New Orleans, LA 70130

  • 2,072 SF Multifamily
  • $499,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
New Orleans $202 28,313 SF
Chalmette $195 5,778 SF
Arabi $443 5,320 SF
Meraux $52 12,500 SF
Violet $113 2,000 SF

Multifamily Properties For Sale in New Orleans

For Sale

1205 St. Charles Condominiums

New Orleans, LA 70130

  • 159,827 SF Multifamily
  • $230,000 - $465,000
For Sale

The Saxony

New Orleans, LA 70117

  • 90,000 SF Multifamily
  • $185,000
For Sale

Campus Residence Hall For Sale

New Orleans, LA 70131

  • 70,000 SF Multifamily
  • $9,999,999
For Sale

The Pythian

New Orleans, LA 70112

  • 123,266 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places New Orleans 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 New Orleans or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
New Orleans 360,945 155,890 40 $48,881 2 86,500 -4%
Chalmette 21,059 7,826 35 $51,232 3 3,533 3%
Arabi 5,124 2,019 40 $53,105 2 704 5%
Meraux 6,889 2,425 36 $73,614 3 483 4%
Violet 6,046 2,129 36 $53,364 3 691 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New Orleans, 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 New Orleans

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

New Orleans 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 New Orleans?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in New Orleans. 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 New Orleans?

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

How does New Orleans compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to New Orleans. 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 New Orleans acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in New Orleans, 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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