2021 Office Space Rent & Sales
- $23.12 2021 Avg. Asking Rent
- -0.90% Y-o-Y Avg. Asking Rent Change
- 13.82% 2021 Office Vacancy Rate
Metairie office price per square foot in 2021 was $23.12 on average. This marked a -0.90% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.82% across all asset classes combined.
Average Rent by Office Class
2021 Average Office Rent per Square Foot
- Metairie Class A & A+ Office Space$25.96
- Metairie Class B Office Space$20.39
- Metairie Class C Office Space$17.74
- Louisiana Class A & A+ Office Space$21.55
- Louisiana Class B Office Space$18.41
- Louisiana Class C Office Space$18.14
Metairie, LA Office Asking Rents by Class
Average office rent in Metairie rested at $23.12 per square foot in 2021. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Metairie averaged $25.96 per square foot. Across all submarkets, class B office space recorded an average asking rent of $20.39 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $17.74 per square foot, on average. Comparably, statewide Louisiana average office rents by class in 2021 were: $21.55 per square foot for class A office space; $18.41 per square foot for class B office space; $18.14 per square foot for class C office space.
Office Spaces for Rent in Louisiana
- Baton Rouge Office Space
- Lafayette Office Space
- New Orleans Office Space
- Lake Charles Office Space
- Covington Office Space
- Shreveport Office Space
- Alexandria Office Space
- Mandeville Office Space
- New Iberia Office Space
- Slidell Office Space
- Hammond Office Space
- Gonzales Office Space
- Prairieville Office Space
- Saint Rose Office Space
- Sulphur Office Space
Coworking Spaces in Louisiana
- Houston Coworking Space
- Dallas Coworking Space
- Austin Coworking Space
- Nashville Coworking Space
- San Antonio Coworking Space
- Kansas City Coworking Space
- Plano Coworking Space
- Fort Worth Coworking Space
- Memphis Coworking Space
- Birmingham Coworking Space
- New Orleans Coworking Space
- Tulsa Coworking Space
- Irving Coworking Space
- Frisco Coworking Space
- Arlington Coworking Space
- Baton Rouge Coworking Space
- Shreveport Coworking Space
- Addison Coworking Space
2021 Office Construction in Metairie, LA
- Metairie, LA Total SF under construction in 2022 185,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1301 Clearview Pkwy | 1301 Clearview Pkwy, 70001 | 19,173 | 2007 |
| 3197 Richland | 3197 Richland Avenue, 70002 | 11,397 | 1996 |
| Three Lakeway | 3838 North Causeway Blvd, 70002 | 339,732 | 1986 |
| Metairie Centre | 2424 Edenborn Avenue, 70001 | 93,200 | 1986 |
| Pontchartrain Place Shopping Center | 3501 Severn Avenue, 70002 | 91,288 | 1985 |
| NY II Building | 2750 Lake Villa Drive, 70001 | 30,114 | 1985 |
| Two Lakeway | 3850 North Causeway Blvd, 70002 | 449,309 | 1984 |
| Burns & Wilcox Center | 2121 Airline Drive, 70001 | 123,360 | 1984 |
| Heritage Plaza | 111 Veterans Memorial Blvd, 70005 | 353,003 | 1983 |
| One Lakeway | 3900 North Causeway Blvd, 70002 | 300,816 | 1982 |
Worth noting among recent office completions on the Metairie market is 1301 Clearview Pkwy, which is currently the largest new office development in the city, at 19,173 square feet.
See reports for other markets
- Baton Rouge Office Rent Price
- New Orleans Office Rent Price
- Covington Office Rent Price
- Austin Office Rent Price
- Charlotte Office Rent Price
- Atlanta Office Rent Price
- Chicago Office Rent Price
- Houston Office Rent Price
- Washington Office Rent Price
- New York City Office Rent Price
- Dallas Office Rent Price
- San Francisco Office Rent Price
- Denver Office Rent Price
- Miami Office Rent Price
- Phoenix Office Rent Price
- San Antonio Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Metairie commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.