Market Price Report-January 2019 Prices of Industrial Property For Sale & Lease In New Orleans & Metairie

by Robert Hand, CCIM, MBA, SIOR
Industrial Price Chart

Industrial Prices For Lease January 2019

Prices for industrial space for lease in the New Orleans/Metairie Metropolitan Statistical Area averaged $5.28 per square foot as of January 2019, up 1% from 3 months ago and down 3% from 2 years ago. There are 283 industrial properties for sale or lease and, of those, 198 are for lease and 85 for sale. Last month 3 industrial spaces were leased, which is below the 7 average for the last year. The average industrial property is on the market for 162 days.

 Industrial Prices For Sale January 2019

There are 85 industrial properties for sale in the New Orleans-Metairie MSA, compared to just 20 in the city of New Orleans, with 2,900,000 square feet available for sale, 12% below the  average for the last 2 years. The average sale price was $62 for the 2 industrial properties sold last month, a 50% increase in compared to the $41.63 average price for all 85 industrial properties listed for sale.


For more information on prices, read our articles:

Office Space For Lease Defies Law of Economics

Office Lease vs. Sale Prices In New Orleans

Prices For Every Type of Commercial Property In Louisiana