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New Orleans, Louisiana

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Latter & Blum
Last Updated: 23-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 16.00 $ 21.00 $ 18.50 9.4% N/A
Class B (Secondary) $ 12.00 $ 18.00 $ 15.00 13.4% N/A
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 20.00 $ 23.00 $ 21.50 9.4% N/A
Class B (Secondary) $ 18.00 $ 20.00 $ 19.00 12.2% N/A
 
Industrial
Bulk Warehouse $ 2.00 $ 3.75 $ 2.90 13.2% N/A
Manufacturing $ 2.50 $ 6.50 $ 4.50 15.0% N/A
High Tech / R&D $ 9.00 $ 15.00 $ 12.00 10.0% N/A
 
Retail
Downtown $ 15.00 $ 40.00 $ 27.50 14.0% N/A
Neigborhood Service Centers $ 12.00 $ 18.00 $ 15.00 15.0% N/A
Sub Regional Centers $ 15.00 $ 29.00 $ 22.00 10.0% N/A
Regional Malls $ 20.00 $ 62.50 $ 41.25 5.0% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 1,500,000 $ 6,500,000
Land in Office Parks $ 150,000 $ 812,500
Land in Industrial Parks $ 350,000 $ 650,000
Office/Industrial Land - Non-park $ 90,000 $ 175,000
Retail/Commercial Land $ 261,360 $ 2,178,000
Residential $ 30,000 $ 650,000

 

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