Prices of New Orleans/Metairie Commercial Real Estate as of July 2020
The commercial real estate market in the New Orleans/Metairie MSA has held steady throughout Covid, with prices increasing 5% in the industrial sector, 30% in
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Author: Robert Hand
Latest Out-Of-Work Data Shows 1/3 Of Cities Actually Employed More
The latest unemployment numbers show, compared to one year ago, 32% of 389 city metropolitan areas actually had lower unemployment rates, meaning a higher
Virus by Louisiana Numbers
3.2 million: Number of adults in Louisiana. 3,315 or 1 in 1000: Have the virus. If you go to Home Depot today, you are around
5 Things To Do Now To Prevent The Virus From Affecting Your Lease
Whether you are a landlord or a tenant, lessor or lessee, you need to take action now to keep your business alive in the future.
Loan Discrimination Prevalent in New Orleans Housing
[caption id="attachment_5887" align="alignnone" width="821" alt="Chart of Denied Loan Percent" height="621"] Chart of Denied Loan Percent By Race & Standard Income Brackets[/caption] In 2018, African Americans
2017 Jobs Act Causing Unanticipated Consequence of Reducing Affordable Housing
The Tax Cuts and Jobs Act of 2017 substantially reduced corporate taxes, from 35 percent to 21 percent. Some commentators and practitioners have voiced concerns
2008 Collapse Still Haunts Nationwide Office Market
Researching construction activity across 382 metropolitan markets in the United States, data show new office-construction projects were double office renovations from 2003 to 2008, but
2019 New Orleans Industrial Market-Where We Started The Year and Where We Stand Today
At year end, there are 284 industrial properties totaling 6.3 million square feet for sale and for lease, comprised of 3.3 million square feet in
Finally, New Orleans Is At The Top Of The List. Unfortunately It’s The Jobless Rate List.
Chart: Yellow dots show cities with highest jobless rate for September 2019 Of the 51 metropolitan areas with a 2010 Census population of 1 million
Louisiana Commercial Realty Interviewed by SIOR For Thoughts On Tariff Impact
Tariffs are bad. Tariffs are passed along to consumers in the form of higher prices which takes money from consumers and gives it to the
National Unemployment Rate Now 3.5%, But Half of All States Are Worse
The Latest Unemployment Rate of 3.5% Is Only Enjoyed By Half of the States Not all states are enjoying the benefits of September's 3.5% national
WWL Television Invites Louisiana Commercial Realty On Panel Discussing New Orleans East Progress
WWL reporter Caresse Jackman just completed a stunning 4 part series called "The Forgotten East: a view into the past, present and future of the
The Wildebeest Must Die For The Lion To Live
Wildebeests are 4 1/2 feet tall, weigh over 500 pounds and run 50 miles an hour, but some must die so that the lion can
Commercial Real Estate Market Overview-New Orleans & Metairie MSA
New Orleans & Metairie MSA Prices Per Sector Office Market Office Market Overview-New Orleans & Metairie Lease prices for office space in the New Orleans/Metairie
Every Economics Textbook Teaches Tariffs Are Bad For A Free Market Economy
Every college business student learns tariffs are bad for economies that believe in free markets and competition. Every economics textbook charts out how tariffs suck
New Orleans’ Warwick Hotel Sale Revives Mysterious History
Last week it was reported that the vacant-since-Katrina 197 room Warwick Hotel at 1315 Gravier in New Orleans sold for $8 million, but like so
Louisiana Commercial Realty Releases Publication “What Businesses Will Thrive In New Orleans East”
Can Opportunity Arise From Tragedy? Unless you go back to the 1970's, New Orleans East has never been an economic driver for the area. Even
CityBusiness Interviews Louisiana Commercial Realty On Hospital Ancillary Development
By: Andrew Valenti, Reporter May 17, 2019 Specialty clinics and medical office buildings dot the landscape along Houma Boulevard near East Jefferson General Hospital in
Everything You Need To Know About Reading A Flood Insurance Rate Map *But Were Afraid To Ask
Flood areas in New Orleans Normally when people in New Orleans ask if an area floods they are talking about heavy rains causing water
New Orleans Commercial Real Estate Zoning For Dummies
In this article we examine the permitted uses in various zoning districts for New Orleans commercial real estate including Orleans and Jefferson Parishes. Zoning uses
The One Math Tool That Can Actually Help You Make Better Real Estate Decisions
The best single tool that you can use over and over again in a variety of situations to help you make smarter real estate decisions is
Why Negotiating Is Like A Quick Tennis Match
Buying, selling and leasing commercial real estate requires lots of different skills, including knowledge of financing, zoning, supply and demand, income statements, and demographics
Visualizing Risk In Making Decisions
You can run the numbers to calculate gains or losses from various scenarios, but there is nothing like a visual depiction of risk/reward tradeoffs. The
Fraud, Greed and Development of New Orleans Commercial Real Estate
Entergy's abandoned Market Street power plant Since New Orleans is almost 300 years old, you'd expect some interesting stories behind its more prominent buildings, and the
New Orleans Commercial Real Estate Developments Don’t Get Done Without Government Help
Large commercial real estate developments in New Orleans don't happen without government help which ranges from New Market Tax Credits, Community Block Grants, Tax Exempt
New Orleans Commercial Real Estate-The History of 426 Canal Street
Since New Orleans is almost 300 years old, there is plenty of history behind almost every commercial real estate property, and 426 Canal Street is a
Inflation Lowest Level In Years Due To Energy Price Collapse
Over the last 12 months ending December 2018, inflation, that secretive economic thief that steals your purchasing power, increased 2.2%, continuing to drive the wage
Large Cities Capture Most Employment Gains
Over the last 12 months, only the large cities with population exceeding 1,000,000 experienced healthy employment gains, according to the latest numbers released by the
Tax Incentives Will Revitalize New Orleans East
New Orleans is attracting a new industry of media companies, including movie companies and software developers, mostly due to superior incentives offered to businesses to
EMPLOYMENT NUMBERS ARE IN…THE ECONOMY IS SPEEDING AHEAD, FIRING ON 3 OF 8 CYLINDERS
Employment January 2018 to January 2019 The US Bureau of Labor Statistics released the employment numbers as of January 2019, showing employment increased by 304,000
Market Price Report-January 2019 Prices of Industrial Property For Sale & Lease In New Orleans & Metairie
by Robert Hand, CCIM, MBA, SIOR Industrial Prices For Lease January 2019Prices for industrial space for lease in the New Orleans/Metairie Metropolitan Statistical Area averaged $5.28
Louisiana Commercial Helps Law Firm Expand Office Space
Louisiana Commercial Realty announces the successful completion of lease negotiations of 9,000 square feet of New Orleans Class A office space to Davillier Law Group, a 10
Which Commercial Real Estate Market Is Better: New Orleans or Baton Rouge?
Is New Orleans the better real estate investment compared to Baton Rouge? The definitive answer is: It depends. For sellers, you want a higher price,
My Website Was Hacked by Russians… But All They Wanted Was To Place Ads For Viagra
Louisiana Commercial Realty is a top-rated commercial real estate company, instrumental in rebuilding New Orleans with some of the largest transactions ranging from office leasing
So You Want To Make $50,000 Putting A Billboard On Your Property…Not So Fast.
One Billboard Outside Ebbing, Missouri Putting a billboard on your commercial property might be the easiest $50,000 you ever made, but, first, don't let the
Office Market Price Report-For Sale & Lease In New Orleans | Metairie MSA
by Robert Hand, MBA, SIOR, CCIM Lease prices for office space in the New Orleans/Metairie Metropolitan Statistical Area averaged $17.68 per square foot as of
Market Price Report-Prices of Retail Property For Sale & Lease In New Orleans
by Robert Hand, MBA, CCIM, SIOR Louisiana Commercial Realty uses the latest technology to help clients uncover opportunities in commercial real estate, and we are
Louisiana Commercial Realty Publishes Another Article For Top Commercial Real Estate Organization SIOR
Louisiana Commercial Realty has authored more real estate articles than any broker in the state, published by the top commercial real estate and financial organizations, including CCIM, SIOR,
Louisiana Commercial Realty Advances Women’s Health Care In New Orleans East
Louisiana Commercial Realty recently helped Dr. Rashonda Dean, Tulane University graduate and OB-GYN, open a new office in New Orleans East to provide badly
Office Space For Lease Market Defies Law of Economics
by Robert Hand, MBA, CCIM, SIOR In business school we are taught when the supply of any good or service increases, it will cause prices to
Office Lease Rate Trend vs. Sale Prices In New Orleans and Metairie
Prices for sales of office property have increased almost 20 percent per year the last few years while the office lease rate trend has
WWL Interviews Louisiana Commercial Realty On Heavy Rains Impact On Commercial Real Estate
Recently the heavy rains caused high water in the streets of New Orleans which seemed to take forever to drain away, and since businesses were
Louisiana Commercial Realty Helps Another Engineering Company Find A Home
"Third time's the charm" is the saying, used usually after the first two failures, but Louisiana Commercial Realty has been successful three times in a row
Louisiana Commercial Realty Teams With Assistant District Attorney To Fight Crime
Recently Louisiana Commercial Realty teamed with Orleans Parish Assistant District attorney Michael Danon to get one more criminal off the streets of New Orleans. The
CCIM Publishing Interviews Louisiana Commercial Realty
CCIM, the Certified Commercial Investment Member Institute, recently interviewed Louisiana Commercial Realty for their publication on entrepreneurs in commercial estate. Founded over 50 years ago, the
Louisiana Commercial Realty Talks With University To Spur Innovaton
Louisiana Commercial Realty and its sister company Mississippi Commercial Realty recently talked with the University of Southern Mississippi to explore helping new medical research companies
Civil Court Judge Sides With Louisiana Commercial Realty
Civil District Court Judge Bruno listened to both attorneys then made some notes and concluded "I find Louisiana Commercial Realty testimony credible and find the defendant,
The Shocking Reason Why The Unemployment Rate Dropped But More People Are Out Of Work
A plunging Louisiana unemployment rate to 5.2 percent means good times are back, right? Not so fast. Even through the low unemployment rate was promoted
State of Georgia Talks To Louisiana Commercial About Office Leases
The state of Georgia is one of the most efficient managers of its 2,000 office leases, with only a staff of 10 people each managing a portfolio up
So You Want To Build A Hotel In The New Orleans’ French Quarter….Not So Fast!
The hotel and restaurant industries are the driving forces of the New Orleans non-government economy, employing over 75,000 people according to the latest numbers from
The 5 Things Every Real Estate Lease Should Have
Whether you rent office space, a warehouse, or a retail store, your lease probably has language that ties rent you pay to the Consumer Price Index. The
Now Do You Want To Know How To Read A Flood Map?
Katrina, Harvey and Irma Increase Flood Insurance Awareness Normally when people ask if an area floods they are talking about heavy rains causing water to
Harvey Damage Estimates To Commercial Property Are In
In addition to the loss of life, jobs, savings, and disrupted families, the victims of Hurricane Harvey will have to deal with the loss of
Flooded by Harvey? Irma? Here’s What To Do Today & What Your First Day Cleaning Up Will Cost
FEMA is on the ground now visiting damage by Hurricane Harvey and processing claims with aid per house up to $33,000 but each home FEMA
3 Common Mistakes In Every Lease
Whether you rent office space in Class A towers or a warehouse to store inventory or retail space for your coffee shop, your lease with the landlord probably
Louisiana Commercial Realty Hired To Market Premier Medical Center In Hattiesburg
Louisiana Commercial Realty and its sister company, Mississippi Commercial Realty, were hired recently to market the only Class A medical office center in Hattiesburg, Mississippi,
Louisiana Commercial Realty Ranked Among Top Real Estate Companies In Gulf South
Louisiana Commercial Realty has been ranked among the top 100 commercial-only real estate brokers in the Gulf South area, including northwest Florida, Alabama, Mississippi and
Louisiana Commercial Realty Helps Kids Git To Skool
Sometimes we forget that behind the everyday tasks of waking up, getting dressed, eating breakfast, and just getting to school or work are people making alarm
How To Value New Orleans Commercial Real Estate Using Cap Rate
Money is made in commercial real estate by having the vision to create value where none before existing. Since prices are not transparent like stocks
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Virus by Louisiana Numbers
March 28, 2020
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