Highlights
- The average rent for office space in New Orleans is $18.21 per square foot, 3.34% lower compared to the previous year.
- The market’s vacancy rate stands at 8.23%, lower than the state average of Louisiana, which is 13.79%.
- Renting Class A/A+ office space here costs $16.76 per square foot, while Class B averages $23.00 and Class C stands at $19.35.
2025 Office Space Rent & Sales
- $18.21 2025 Avg. Asking Rent
- -3.34% Y-o-Y Avg. Asking Rent Change
- 8.23% 2025 Office Vacancy Rate
What is the average asking rent price for office space in New Orleans?
Average asking rents for office space here stand at $18.21 per square foot. The local office market recorded an average vacancy rate of 8.23% in 2025, unchanged from 8.23% in 2024.
New Orleans, LA Office Asking Rents by Class
What is the average office rent per square foot by property class in New Orleans?
- Avg. Asking Rent Class A & A+$16.76
- Avg. Asking Rent Class B$23.00
- Avg. Asking Rent Class C$19.35
The average asking rent for Class A and A+ office space stood at $16.76 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in New Orleans averaged $23.00 per square foot, while the average for Class C space was $19.35 per square foot.
What is the average office rent per square foot by property class in LA?
- Avg. Asking Rent Class A & A+$20.53
- Avg. Asking Rent Class B$19.26
- Avg. Asking Rent Class C$18.57
For comparison, the average rent for Class A and A+ office space in Louisiana was $20.53 per square foot. The state-wide average for Class B space was $19.26 per square foot, and Class C office spaces averaged $18.57 per square foot.
New Orleans, LA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| New Orleans - Uptown | $31.91 | 18.87% |
| New Orleans - North | $24.09 | 13.02% |
| Elmwood | $20.58 | 9.54% |
| New Orleans - Central Business District | $16.71 | 7.94% |
| New Orleans - South | $15.00 | 39.05% |
Office Construction in New Orleans, LA
What are the largest recent office completions in New Orleans?
The largest recent office completion here is 1555 Poydras at 467,671 square feet, completed in 1982. The next largest completions are 1250 Poydras and Orleans Tower.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1582 Magazine St. New Orleans, LA | 1582 Magazine Street, 70130 | 5,856 | 2014 |
| IP Building | 643 Magazine Street, 70130 | 84,585 | 1996 |
| 1555 Poydras | 1555 Poydras Street, 70112 | 467,671 | 1982 |
| MacArthur Professional Building | 3712 Macarthur Blvd, 70114 | 27,796 | 1982 |
| MacArthur Professional Building | 3712 Macarthur Blvd, 70114 | 27,796 | 1982 |
| Uptown Office Space for Lease | 2633 Napoleon Ave, 70115 | 75,600 | 1980 |
| Prytania Office Condos | 3626 Prytania St, 70115 | 6,611 | 1980 |
| Prytania Office Condos | 3626 Prytania St, 70115 | 6,611 | 1980 |
| 1250 Poydras | 1250 Poydras Street, 70113 | 422,890 | 1978 |
| Orleans Tower | 1340 Poydras Street , 70112 | 378,895 | 1977 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.