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271 Commercial Real Estate Listings in New Orleans, LA

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New Orleans, LA Commercial Real Estate

There are currently 257 commercial listings available in New Orleans, LA. These listings include 265 commercial spaces that encompass a total of 2,731,740 square feet. Available commercial spaces in New Orleans, LA range in size from 9 square feet to 1,050,000 square feet. A total of 96 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

In 2023 the New Orleans, LA commercial real estate market totaled 15,128,901 square feet of office spaces, 1,056,752 square feet of office spaces with retail, and 2,605,322 square feet of industrial space.

Office Spaces

Total: 15,128,901 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 1,428,682 SqFt 9.44% of total office
100k to 500k SqFt 5,073,025 SqFt 33.53% of total office
500k to 1M SqFt 5,889,982 SqFt 38.93% of total office
> 1M SqFt 2,737,212 SqFt 18.09% of total office
By class:
Class A 10,280,414 SqFt 67.95% of total office
Class B 3,818,652 SqFt 25.24% of total office
Class C 629,835 SqFt 4.16% of total office
Roughly 38.93% 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 9.44% of the office inventory.

Class A office space holds a 67.95% share of the overall New Orleans, LA office market, while Class B office assets make up approximately 25.24%.

Industrial

Total: 2,605,322 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
100k to 500k SqFt 1,658,922 SqFt 63.67% of total industrial
500k to 1M SqFt 946,400 SqFt 36.33% of total industrial
By class:
Class A 563,606 SqFt 21.63% of total industrial
Class C 295,316 SqFt 11.34% of total industrial
There are 1,658,922 square feet of commercial real estate properties between 100k to 500k square feet, representing 63.67% of the New Orleans, LA industrial inventory.

Office Spaces with Retail

Total: 1,056,752 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 398,455 SqFt 37.71% of total office with retail
100k to 500k SqFt 658,297 SqFt 62.29% of total office with retail

New Orleans, LA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
New Orleans, LA Office 42 698,868
New Orleans, LA Retail 66 545,261
New Orleans, LA Industrial 10 1,451,247
New Orleans, LA Other 192 2,746,180
Ofice Icon

42

Office

Industrial Icon

10

Industrial

Retail Icon

66

Retail

Current local active listing encompass 5,441,556 square feet of commercial space for lease in New Orleans. There are 42 active office listings, which amount to 698,868 square feet and account for 13% of commercial spaces on the market. Local retail availability includes 545,261 square feet across 66 listings. Current industrial offerings on the market amount to 1,451,247 square feet across a total of 10.

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 2021, 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 2021, 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.

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