Office markets nationwide have been struggling in a post-pandemic era, but as of the fourth quarter, the New Orleans metropolitan area has one of the lowest vacancy rate at 6.7% and availability rate at 7.3% among the largest 60 U.S. markets by asset value. This compares to the U.S. average office vacancy rate of 13.5% and availability rate of 16.6%.
Despite Office Market Uncertainty, Demand Holds Steady in New Orleans Suburbs
Proximity to Employees, Newer Buildings and Plentiful Parking Explain Preference for Suburban Areas
CoStar Analytics
November 22, 2023 | 4:44 P.M.
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