Commercial Real Estate Market in Covington, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
319 active listings and 3,674 off-market properties in Covington, LA. Commercial property asks $101/SF to buy and $19.18/SF/Yr to lease.
Market Trends
Covington, LA spans 152.8 square miles in St. Tammany County, Louisiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Covington, LA asks $17.82/SF/Yr to lease and $130/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Covington, LA asks $169/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Covington, LA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Covington, LA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69%
- Commercial 19.7%
- Civic 8.1%
- Open space 1.2%
- Industrial 0.9%
Largest Zones share of zoned land by district
Single Family Residential Existing Large Lots District
Single Family Residential District
Single Family Residential District
Regional Commercial District
Institutional District
Covington, LA zones 5,115 acres across 17 districts. Commercial zoning covers 19.7% of zoned land, residential 69%, open space 1.2% and industrial 0.9%. The largest single district is Single Family Residential Existing Large Lots District at 27%. For commercial buyers the practical constraint is that only 20.6% of land carries a commercial or industrial designation.
Single Family Residential Existing Large Lots District (RLL)
In all zoning districts other than RSL, RS-1, RS-2, RLL and RS-3 residential districts, a periphery landscape area, also known as a street planting area, shall be required adjacent to the right-of-way of any public street, road, lane, or other public accessway (excluding any alley) upon which the site fronts. In calculating the required street planting area,…
Market overview
Demographics & Economy
Covington, LA has 62,251 residents in 27,682 households. Density runs 407 people per square mile. Median household income here is $80,011 and median gross rent $1,325 a month.
62,251
Population
27,682
Households
2.2
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
152.8 sq mi
ZIP Area
407
Density / Sq Mi
$80,011
Median Household Income
$46,830
Median Earnings
$1,325
Median Rent
$301,278
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Benedict | — | — |
| Abita Springs | — | $14.41 |
| Madisonville | — | — |
| Mandeville | — | $30.21 |
Commercial property in Covington, LA asks $101/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Covington?
Commercial property in Covington, LA asks an average of $101 per square foot. The 3 most recent recorded sales traded at a median of $189/SF. Retail carries the highest asking price at $169/SF.
How much does it cost to lease commercial space in Covington?
Asking lease rates in Covington, LA average $19.18 per square foot per year. Office asks $17.82/SF/Yr as of Q1 26, down from $23.25/SF/Yr in Q4 25.
What zoning applies to commercial property in Covington?
Covington, LA zones 5,115 acres across 17 districts, of which 19.7% is commercial and 0.9% industrial. The largest single district is Single Family Residential Existing Large Lots District at 27% of zoned land. In all zoning districts other than RSL, RS-1, RS-2, RLL and RS-3 residential districts, a periphery landscape area, also known as a street planting area, shall be required adjacent to the right-of-way of any public street, road, lane, or other public accessway (excluding any alley) upon which the site fronts. In calculating the required street planting area,… Residential zoning covers 69% and open space 1.2%.
Where does Realmo's Covington market data come from?
Realmo compiles Covington, LA figures from 7 recent recorded sales, 230 active sale listings, 89 active lease listings, 3,674 tracked off-market properties, the current Covington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 230 active for-sale and 89 active for-lease listings in Covington, LA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,115 zoned acres across 17 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
