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250 Commercial Real Estate Listings in New Orleans, LA

New Orleans, LA Commercial Real Estate

There are currently 246 commercial listings available in New Orleans, LA. These listings include 374 commercial spaces that encompass a total of 3,232,816 square feet. Available commercial spaces in New Orleans, LA range in size from 3 square feet to 1,050,000 square feet. A total of 75 off-market commercial properties located in New Orleans, LA are also available for research.

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New Orleans, LA Commercial Real Estate Market Overview

Location Photo

As one of the most significant ports in the Gulf Coast and on the Mississippi River, New Orleans has historically been a commercial and transportation hub of importance, while manufacturing also holds an important role in the local economy.

Today, in addition to its strong industrial and retail space market, New Orleans also boasts growing office and medical space markets — making it one of the prime commercial real estate markets in the South thanks to its diversification. Moreover, the support shown toward entrepreneurs and young professionals greatly contributed to the city’s recovery, bringing an influx of investments in and fresh ideas to modern industries, such as technology, healthcare and tourism.

New Orleans, LA Commercial Inventory Breakdown

Office Spaces

Total: 15,589,525 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 1,329,300 SqFt 8.53% of total office
100k to 500k SqFt 4,883,031 SqFt 31.32% of total office
500k to 1M SqFt 6,639,982 SqFt 42.59% of total office
> 1M SqFt 2,737,212 SqFt 17.56% of total office
By class:
Class A 10,280,414 SqFt 65.94% of total office
Class B 4,005,920 SqFt 25.7% of total office
Class C 553,191 SqFt 3.55% of total office
Roughly 42.59% of the total office space in New Orleans, LA is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 8.53% of the office inventory.

Class A office space holds a 65.94% share of the overall New Orleans, LA office market, while Class B office assets make up approximately 25.7%.

Industrial

Total: 2,595,716 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
100k to 500k SqFt 1,649,316 SqFt 63.54% of total industrial
500k to 1M SqFt 946,400 SqFt 36.46% of total industrial
By class:
Class A 144,000 SqFt 5.55% of total industrial
Class B 160,000 SqFt 6.16% of total industrial
Class C 295,316 SqFt 11.38% of total industrial
There are 1,649,316 square feet of commercial real estate properties between 100k to 500k square feet, representing 63.54% of the New Orleans, LA industrial inventory. Class A assets total 144,000 square feet of industrial space, with an additional 160,000 square feet of Class B and 295,316 square feet of Class C properties.

New Orleans, LA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
New Orleans, LA Office 47 1,245,403
New Orleans, LA Retail 74 634,128
New Orleans, LA Industrial 11 1,192,011
New Orleans, LA Other 182 3,247,256
Ofice Icon

47

Office

Industrial Icon

11

Industrial

Retail Icon

74

Retail

Current local active listing encompass 6,318,798 square feet of commercial space for lease in New Orleans. There are 47 active office listings, which amount to 1,245,403 square feet and account for 14% of commercial spaces on the market. Local retail availability includes 634,128 square feet across 74 listings. Current industrial offerings on the market amount to 1,192,011 square feet across a total of 11.

Employment in New Orleans, LA

Employed Population 188,427

Employed population - Industry % Distribution

Management, business, science, and arts occupations

46%

Service occupations

21%

Sales and office occupations

19%

Production, transportation, and material moving occupations

8%

Natural resources, construction, and maintenance occupations

6%

In 2020, roughly 46% of a total of 188,427 employed in New Orleans worked in Management, business, science, and arts occupations, followed by 21% in Service occupations and 19% in Sales and office occupations.

Income per capita $34,034  Median household income $45,615

Household income

52%

Under $50k

24%

$50k - $100k

16%

$100k - $200k

8%

Over $200k

The median household income in New Orleans stands at $45,615, with per capita income at $34,034. Households earning between $50k and $100k represent 24% of the total, while those earning over $200k make up 8%. Approximately 52% of New Orleans households earn less than $50k per year.

Commuting in New Orleans, LA

Mean travel time to work 23 minutes

Means of transportation to work

67.20%

Driving alone

9.90%

Carpool

5.10%

Public transit

2.60%

Bicycle

6.20%

Walking

2.30%

Other

6.80%

Work at Home

*Universe: Workers 16 and over

Education in New Orleans, LA

High school grad or higher 88%

Bachelor's degree or higher 40%

Population by minimum level of education

12%

No degree

23%

High school

25%

Some College

22%

Bachelor's

18%

Post-grad

*Universe: Workers 25 and over

An estimated 88% of New Orleans residents aged 25 or over hold a high school degree or higher. Of those, 23% are high school graduates, 25% attended some college, 22% earned a bachelor's degree, with an additional 18% holding post-graduate degrees.

New Orleans, LA Demographics

As of 2020, New Orleans had a total population of 390,144, with a median age of 38.30 years. Roughly 67.70% of the total population was between the ages of 16 and 64 years old.

Market News

The CommercialCafe blog tracks CRE trends, market and industry news together with the latest coworking trends.