2023 Office Space Rent & Sales
- $20.62 2023 Avg. Asking Rent
- 4.73% 2023 Office Vacancy Rate
Metairie office price per square foot in 2023 was $20.62 on average. The local office market recorded an average vacancy rate of 4.73% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Louisiana Class A & A+ Office Space$21.52
- Louisiana Class B Office Space$18.84
- Louisiana Class C Office Space$19.96
Metairie, LA Office Asking Rents by Class
Office Spaces for Rent in Louisiana
Coworking Spaces in Louisiana
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2023 Office Construction in Metairie, LA
- Metairie, LA Total SF completed in 2023 185,000
During 2023, 185,000 square feet of new office space were delivered across the market. At the close of 2023, the Metairie office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 185,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Metairie Centre | 2424 Edenborn Avenue, 70001 | 93,200 | 1986 |
| NY II Building | 2750 Lake Villa Drive, 70001 | 30,114 | 1985 |
| 3000 West Esplanade Avenue | 3000 West Esplanade Avenue, 70002 | 28,608 | 1985 |
| Burns & Wilcox Center | 2121 Airline Drive, 70001 | 123,360 | 1984 |
| Plumbers Union Building | 2540 Severn Avenue, 70002 | 56,000 | 1984 |
| Newpark Office Condos | 2901 N. Causeway Blvd, 70002 | 16,000 | 1984 |
| 4621 West Napoleon Avenue | 4621 West Napoleon Avenue, 70001 | 46,582 | 1982 |
| 3131 North Interstate 10 Service Road East | 3131 North Interstate 10 Service Road East, 70002 | 48,250 | 1980 |
| Latter Center West | 2800 Veterans Memorial Blvd, 70002 | 96,978 | 1979 |
| 3939 North Causeway Blvd | 3939 North Causeway Blvd, 70002 | 40,000 | 1979 |
Worth noting among recent office completions on the Metairie market is Metairie Centre, which is currently the largest new office development in the city, at 93,200 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Metairie commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.