What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The New Orleans commercial real estate market incorporates 16,092,990 square feet of office space across 111 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In New Orleans, the coworking segment of the commercial real estate market incorporates about 10,860 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The New Orleans commercial real estate market includes 2,111,114 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the New Orleans market, there is a total of 2,309,837 square feet of industrial property.

What types of commercial real estate are available in New Orleans, LA?

The largest share of commercial real estate space for lease in New Orleans is represented by Industrial space , which accounts for 2,216,950 square feet of available listings. Office space available in New Orleans adds up to 1,021,549 square feet.

What factors affect the price of commercial real estate in New Orleans, LA?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in New Orleans, LA?

The average rent for commercial real estate space listed for lease in New Orleans is $21.55 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in New Orleans can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in New Orleans, LA?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in New Orleans, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in New Orleans is in the New Orleans Central Business District neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the New Orleans Central Business District area . Meanwhile, retail space opportunities are most abundant in the Dillard submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Viavant - Venetian Isles . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $72.48 per square foot. In particular, the property type commanding the highest lease rates in New Orleans was Retail space. Conversely, the highest sale price last year was $8,300,000 that is located at 1000 Howard Avenue.

What is the average size of a commercial property in New Orleans, LA?

The average size of a commercial property in New Orleans depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In New Orleans, the average size of an office property is 154,740 square feet. Retail properties here incorporate an average of 44,917 square feet. Industrial space in New Orleans is in buildings that are, on average 177,680 square feet in size.

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229 Commercial Real Estate Listings in New Orleans, LA

CRE Market Stats

1515 Poydras

1515 Poydras Street, New Orleans Central Business District, New Orleans, LA
For Lease

Contact for pricing
Property

Office

529,474 SF
Availability

21 Spaces

359,872 SF
Year Built

1983
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3361 General Degaulle Dr

3361 General Degaulle Dr, Tall Timbers - Brechtel, New Orleans, LA
For Lease

$13.00 - $17.00/SF/YR
Property

Retail
Availability

1 Space

1,623 SF
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Mixed-Use Suite for Sale in the Warehouse District

747 Magazine Street, Ste 5, New Orleans Central Business District, New Orleans, LA
For Sale

$1,400,000
Property

Office

2,515 SF
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Retail For Sale

5926 Magazine Street, Riverside, New Orleans, LA
For Sale

$650,000
Property

Office

1,600 SF
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Flexible Leasing Opportunities in a Highly-Visible Plaza

6001 Woodland Hwy, Tall Timbers - Brechtel, New Orleans, LA
For Lease

$6.00/SF/YR
Property

Retail

186,438 SF
Availability

2 Spaces

9,992 SF
Year Built

1960
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3923 Carondelet Street

3923 Carondelet Street, Milan, New Orleans, LA
For Sale

Subject To Offer
Property

Office

1 SF
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700 Camp Street

700 Camp Street, New Orleans Central Business District, New Orleans, LA
For Lease

$900.00 - $1,700.00/MO
Property

Office

31,735 SF
Availability

10 Spaces

2,245 SF
Year Built

1844
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Napoleon Outpatient Medical Facility

2633 Napoleon Ave, Milan, New Orleans, LA
For Lease

Contact for pricing
Property

Office

65,508 SF
Availability

7 Spaces

22,969 SF
Year Built

1974
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Louisiana Power & Light Headquarters

142 Delaronde Street, Algiers Point, New Orleans, LA
For Sale

$3,750,000
Property

Other

80,884 SF
Year Built

1952
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Propel Park

13800 Old Gentilly Rd., Viavant - Venetian Isles, New Orleans, LA
For Lease

Contact for pricing
Property

Industrial

260,000 SF
Availability

4 Spaces

1,060,000 SF
Year Built

2023
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Entergy Corporation Building

639 Loyola Avenue, New Orleans Central Business District, New Orleans, LA
For Lease

$20.50 - $22.50/SF/YR
Property

Office

511,600 SF
Availability

5 Spaces

13,303 SF
Year Built

1982
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Showroom - Warehouse - Office for Lease

7018 Washington Ave, Gert Town, New Orleans, LA
For Lease

$13.50/SF/YR
Property

Retail

17,212 SF
Availability

1 Space

17,212 SF
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617 Frenchmen Street

617 Frenchmen Street, Marigny, New Orleans, LA
For Lease

$20.20/SF/YR
Property

Retail

2,365 SF
Availability

1 Space

9,800 SF
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The Park at South Market

939 Girod St, New Orleans Central Business District, New Orleans, LA
For Lease

$40.00/SF/YR
Property

Retail

15,373 SF
Availability

1 Space

15,373 SF
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Cross Dock - New Orleans, LA

4201 Industrial Parkway, Viavant - Venetian Isles, New Orleans, LA
For Lease

$710.00 - $35,500.00/SF/YR
Property

Industrial

36,000 SF
Availability

1 Space

25,000 SF
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High-Tech Office Building for Sale

2831 Saint Claude Ave, St. Claude, New Orleans, LA
For Sale

$2,625,000
Property

Office

10,210 SF
Year Built

1940
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Energy Centre Building
Regus
1100 Poydras Street Suite 2900, New Orleans, LA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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4820 Banks St

4820 Banks St, Bayou St. John, New Orleans, LA
For Lease

$0.05 - $27.48/SF/YR
Property

Office

4,541 SF
Availability

8 Spaces

4,016 SF
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St Charles and Poydras
Regus
650 Poydras Street Suite 1400, New Orleans, LA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
View Details (opens in new window)
1171 Annunciation St

1171 Annunciation St, Lower Garden, New Orleans, LA
For Lease

$8.00/SF/YR
Property

Industrial
Availability

1 Space

4,482 SF
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Algiers Plaza

4150 General De Gaulle Blvd, Old Aurora, New Orleans, LA
For Lease

Contact for pricing
Property

Retail

235,394 SF
Availability

5 Spaces
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Multifamily Redevelopment Opportunity in Growing Neighborhood

2919 Danneel St, Central City New Orleans, New Orleans, LA
For Sale

$525,000
Property

Multi-Family

5,133 SF
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Hard Corner Ground Floor Retail Space at Sonesta Hotel in CBD

212 Loyola Ave., New Orleans Central Business District, New Orleans, LA
For Lease

$27.00/SF/YR
Property

Retail

99,999 SF
Availability

1 Space

2,000 SF
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Downtown Superdome
Regus
1615 Poydras Street Suite 900, New Orleans, LA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
View Details (opens in new window)
149 Deleronde Street

149 Delaronde Street, Algiers Point, New Orleans, LA
For Sale

$1,500,000
Property

VacantLand
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10-Unit Multifamily Package in Lakeview

6258 Bellaire Drive, West End New Orleans, New Orleans, LA
For Sale

$1,999,999.99
Property

Multi-Family

1 SF
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	1,428,682 Sq. Ft.	8.68%
100k to 500k Sq. Ft.	5,333,025 Sq. Ft.	32.39%
500k to 1M Sq. Ft.	5,889,982 Sq. Ft.	35.77%
> 1M Sq. Ft.	2,737,212 Sq. Ft.	16.62%

Class	Total Square Feet	Share of Total Office
Class A	10,540,414 Sq. Ft.	64.02%
Class B	4,335,581 Sq. Ft.	26.33%
Class C	1,142,660 Sq. Ft.	6.94%

Class	Total Square Feet	Share of Total Industrial
Class A	563,606 Sq. Ft.	32.03%
Class B	47,000 Sq. Ft.	2.67%
Class C	348,922 Sq. Ft.	19.83%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	398,455 Sq. Ft.	37.71%
100k to 500k Sq. Ft.	658,297 Sq. Ft.	62.29%

City	Property Type	Count of Listings	Total SF
New Orleans, LA	Office	37	1,021,549
New Orleans, LA	Retail	44	312,054
New Orleans, LA	Industrial	13	2,216,950
New Orleans, LA	Other	125	7,807,698

229 Commercial Real Estate Listings in New Orleans, LA

New Orleans, LA Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in New Orleans, LA?

What factors affect the price of commercial real estate in New Orleans, LA?

What is the average rent for commercial space in New Orleans, LA?

What are the best areas for commercial real estate in New Orleans, LA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in New Orleans, LA?

New Orleans, LA Commercial Real Estate Inventory Breakdown

Total Office Space in New Orleans: 16,464,620 Sq. Ft.

Total Industrial Space in New Orleans: 1,759,528 Sq. Ft.

Total Retail Space in New Orleans: 1,056,752 Sq. Ft.

New Orleans, LA Currently Available Listings

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