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Tag: local economy

The Hidden Penalty On All Who Love New Orleans

August 4, 2016
| No Comments
| Demographics

New Orleans once was one of the largest cities in America- for over 140 years. Today it is an exciting place to live with an

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It Takes Over One Year To Sell or Lease Commercial Property In New Orleans

December 5, 2014
| No Comments
| Demand & Supply, Price Trends

The biggest surprise to most sellers of commercial property is that the average time to find a buyer is well over one year. For example,

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The Drivers of the New Orleans’ Economy Will Shock You

November 14, 2014
| No Comments
| Demand & Supply, Demographics

The recent census found 1.2 million people live in the New Orleans Metropolitan Area, down only 7% from the 1.3 million in 2000, but the

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Louisiana Commercial Realty Finalizes Sale of Kenner Retail Center To Be Repurposed As Law Office

November 3, 2014
| No Comments
| Demand & Supply, Demographics, Office, Retail

Adaptive Re-Use of Strip Retail Center Into Office Space Due To Kenner's Changing Demographics [caption id="attachment_3126" align="alignleft" width="640"] 4224 Williams[/caption]   Things are changing in

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Economic Drivers of New Orleans Commercial Real Estate-The Petrochemical Industry

May 20, 2014
| No Comments
| Local Economy

The new economic drivers of the New Orleans economy are not what you think. New Orleans transitioned from an oil based economy to a tourism

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CityBusiness Named Robert Hand Top 50 Financial Executive

May 19, 2014
| No Comments
| Press

  CityBusiness Named Robert Hand one of the Top 50 Financial Executives in New Orleans for 2012. "It's  possible to spur redevelopment along a dilapidated

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Today’s Prices For Every Type Of Commercial Real Estate In Louisiana

May 15, 2014
| No Comments
| Price Trends

  In this article we examine current market prices for every type commercial real estate in Louisiana. Louisiana Largest Sector On The Market For An

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New Orleans Commercial Real Estate-What Are Current Office Trends?

April 5, 2014
| No Comments
| Price Trends

New Orleans Commercial Real Estate is a diversified market with seven different sectors, each sector is different in size. The table below shows the major sectors of

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Is Unemployment Really 7.8%? Only Because Labor Participation Rate Is Lowest In 12 Years.

February 15, 2014
| No Comments
| Demand & Supply, Demographics

Is Jack Welch right in his claim the 7.8% #unemployment numbers released on October 5 by the Bureau of Labor Statistics are suspect?  The numbers

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What Is Commercial Real Estate In New Orleans Really Worth?

February 13, 2014
| No Comments
| Demand & Supply, Local Economy, Price Trends

The total supply of commercial real estate for sale in New Orleans is approximately $726,000,000 with vacant land being the largest sector valued at almost $242

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14 Business Incentives For New Orleans Commercial Real Estate Developments

February 11, 2014
| No Comments
| Price Trends

Louisiana will be exploding with growth over the next 5 years, considering the incentives offered for businesses. For example, there is a 25% tax credit

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Commercial Real Estate Trends-Orleans Parish

December 22, 2013
| No Comments
| Price Trends

Orleans Parish Commercial Real Estate The commercial real estate market in Orleans Parish is currently 3.1 million square feet for lease and 3.7 million square feet

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How Is The New Orleans Economy Doing?

September 17, 2013
| No Comments
| Local Economy

Just out today is the Bureau of Economic Analysis report on GDP by MSA, showing last year the New Orleans-Metairie economy grew almost twice the

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New Orleans Employment Compared to U.S. Employment Growth

August 28, 2013
| No Comments
| Press

Just out today are the numbers on how many people are employed in the U.S., but if you drill deeper, you can find out current

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How Louisiana Employment Growth Compares to the U.S.

August 28, 2013
| No Comments
| Demographics

Today the Bureau of Labor Statistics announced the unemployment numbers for the period ending July 2013 broken down into the 372 metropolitan areas. Jobless rates were

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Mixed Martial Arts: New Orleans vs. U.S. Personal Income Growth

August 4, 2013
| No Comments
| Local Economy

The last few years have been good to New Orleans, with lower unemployment than the rest of the U.S. and the focus on tourism resulting

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Tulane Avenue Hospital Draws New Apartment Development

July 31, 2013
| No Comments
| Price Trends

The latest apartment to be developed near the new Tulane Avenue hospital is announced. Despite the fact that everyone knows about the billion dollar VA/LSU hospital complex, which is

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Big Money Transactions In New Orleans Commercial Real Estate

May 3, 2013
| No Comments
| Price Trends

The past few months have witnessed several large commercial real estate transactions in New Orleans, including hotels, retailers and warehouses, emphasizing that New Orleans is

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New Orleans Commercial Real Estate: Scandinavia Sells For $6,975,000

April 5, 2013
| No Comments
| Price Trends

Drugs are a big money business. Especially legal drug stores like Walgreens. Who else could justify paying $94 per square foot for land and a beautiful

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New Orleans Commercial Real Estate-What’s Driving The Economy

March 29, 2013
| No Comments
| Local Economy

New Orleans commercial real estate depends on a thriving national economy. We just experienced, in 2008, the worst recession in history, and New Orleans managed

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3rd Estimate Says Economy Grew 4/10 Percent In 4th Q 2012

March 28, 2013
| No Comments
| Local Economy

The third estimate for how fast the economy grew last quarter is out, and the answer is 4/10 of one percent. Real gross domestic product

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New Orleans Commercial Real Estate Trends-Q1 2013

March 27, 2013
| No Comments
| Price Trends

Commercial real estate activity in New Orleans cooled down in the first quarter of 2013, after a heated 4th quarter in 2012 when buyers hurried

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Louisiana Posts Healthy Revenues For 4Q 2012

March 26, 2013
| No Comments
| Taxes

If revenues are any sign of economic health, the economy is in the best shape in years. For the 12 months ending 2012, revenues from

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What You Really Need To Know About Today’s GDP News

October 27, 2012
| No Comments
| Local Economy, Price Trends

You already should know that 3rd quarter GDP increased 2% compared to 2nd quarter's 1.3%, but what you really need to know is why and

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Tulane Land Sale Brings Highest Price In History of New Orleans Commercial Real Estate

October 1, 2012
| No Comments
| Demand & Supply, Local Economy, Price Trends, Retail, Zoning

The highest price in New Orleans commercial real estate history was paid last week for vacant land on Tulane Avenue, evidencing growth that has surprised

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How Is The U.S. Economy Doing?

September 27, 2012
| No Comments
| Local Economy

Just out today: the economy is still growing, although at a slower pace. The Gross Domestic Product for the 2nd quarter of 2012 increased at

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10 Times More Wealth In Real Estate Than Stocks

July 17, 2012
| No Comments
| Demand & Supply, Local Economy

The household median value of rental real estate is $170,000 but the value in stocks is only $18,300, according to the US Census Bureau,  which explains

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Just Out Today-Where Are Americans Spending Their Money?

June 20, 2012
| No Comments
| Demand & Supply, Demographics

Spending on tourism grew faster than the economy in the first quarter 2012 with an annual growth rate of 3.4%, compared to #GDP growth at 1.9%.

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New Orleans’ Commercial Real Estate: What’s Changed The Last 3 Months?

June 12, 2012
| No Comments
| Demand & Supply

Over the last three months, New Orleans' commercial real estate has experienced an 8% increase in the supply of industrial square footage for sale, an

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Is Obama Right: The Private Sector Really Is OK?

June 11, 2012
| No Comments
| Demand & Supply, Local Economy

Somebody must have leaked to Obama today's release of manufacturing profits showing a 9.45% increase in after-tax profits, from 134 billion in the 4th quarter of

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Just Out Today-Louisiana Economy Grew By One Half Of One Percent in 2011

June 5, 2012
| No Comments
| Demand & Supply, Local Economy

The Bureau of Economic Analysis released GDP growth by state today, showing Louisiana ranking in the bottom 40% and Mississippi in the bottom 20%,  among

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New Orleans Largest Employers

May 22, 2012
| No Comments
| Local Economy

Top employers in New Orleans. Company Type of Business Employment Ochsner Health System Health Care 9,107 St. Tammany Parish Public School Board Elementary & Secondary

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Just Out Today: Leading Economic Indicators Decline

May 17, 2012
| No Comments
| Price Trends

Today, one of the best measurements of the strength of the economy-the Leading Economic Index-showed a decline in April of 0.1 percent, in contrast to

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Just Out Today-Economy Driven By Consumer Income

April 30, 2012
| No Comments
| Demand & Supply

If you want to know how healthy the economy is, just watch the consumer. The US economy is one-third manufacturing driven and two-thirds consumer driven,

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Just Out- Economic Growth Slows Causing These 6 Changes To Commercial Real Estate

April 28, 2012
| No Comments
| Press

This economy is like your car on the highway when you approach a school zone: you are still moving forward but with less momentum. Just

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Reggie Bush Finally Leaves Town

April 25, 2012
| No Comments
| Price Trends

The last remaining vestige of Heisman Trophy winner Reggie Bush, his penthouse condo at One River Place, was sold for $1.975 million on February 8, 2012,

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Largest New Orleans Commercial Real Estate Transactions So Far in 2012

April 24, 2012
| No Comments
| Price Trends

There are only 3 New Orleans commercial properties priced over $2 million sold so far in 2012, with the highest sale exceeding $18 million for the old Amoco office building.

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Louisiana Commercial Realty

Commercial Real Estate Experts

Louisiana Commercial Realty provides a higher level of service to buyers and sellers of New Orleans commercial real estate.

About Us

Louisiana Commercial Realty, commercial broker Robert Hand, MBA, CCIM, SIOR is a nationally recognized expert in commercial real estate.

Phone: 504-289-8172

Robert@LouisianaCommercialRealty.com

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