Commercial property for sale increased 500,000 square feet the last 3 months, and property for lease increased 600,000 square feet, causing total sale prices to drop $100 million to $1.5 billion. The office sector took a big hit with 118 more properties now on the market, but sale prices only dropped $4/SF and lease rate 30 cents/SF. Retail now has 53 more properties available, with lease prices counter-cyclically increasing 33 cents/SF and sale prices increasing $8/SF.
For Sale:
For Lease:
New Orleans Metairie Prices-All Types
