Commercial Real Estate By the Numbers

A look at where we stood this fall with office space, industrial real estate and shopping centers

Statistics courtesy | The Louisiana  Commercial Database, LLC

 

At the beginning of each month, the Louisiana Commercial Database compiles statistics from user-loaded listings and user-reported transactions. The database serves as an online information exchange for Louisiana’s commercial real estate professionals. The LACDB provides data from throughout all of Louisiana and the Mississippi Gulf Coast. The website features a search function, where members can search by property type, keywords or specific addresses, along with information like market statistics and demographics. Membership is open to licensed brokers, agents or state certified appraisers. For more information, visit LACDB.com.


CURRENT STATISTICS

 

New Orleans

Property Type Listings Asking Lease/Sale Total Available
Industrial 84  $4.83/$85.32 PSF 1.7 million SF
Office 473 $18.05/$69.02 PSF 2.9 million SF
Retail-Commercial  242 $21.22/$161.02 PSF  1.2 million SF
Shopping Center 64  $15.42/$35.51 PSF 586,546 SF
Vacant Land 140 $0.61/$3.01 PSF 47.1 million SF
Hospitality 2 (n/a)/$453.21PSF 13,625 SF
Multi-Family 29 (n/a)/106.80 PSF 397,052 SF

 

Metairie   

Property Type Listings  Asking Lease/Sale  Total Available
Industrial  9 $6.54/$76.91 PSF 98,428 SF
Office  297 $20.08/173.51 PSF 991,942 SF
Retail-Commercial 59 $20.96/$186.15 PSF 281,486 SF
Shopping Center 23 $19.55/$200.51 PSF 96,186 SF
Vacant Land  20 $3.31/$26.33 PSF  605,704 SF
Multi-Family 6 (n/a)/$122.19 PSF 24,675 SF

 SUMMARIES FOR SEPTEMBER 2018

             

Shopping Center

261 active listings 

2.0 million sf available       

$15.53 psf annual lease rate    

7.8% below list  

709 days on market


Industrial

288 active listings    

5.8 million sf available    

$5.09 psf annual lease rate  

1.6% below list    

77 days on market


Office

1,199 active listings  

5.7 million sf available    

$17.84 psf annual lease rate  

8.4% below list  

122 days on market