Commercial Real Estate Market in Elmwood, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
2,480 active listings and 10,931 off-market properties in Elmwood, LA. Commercial property asks $135/SF to buy and $23.61/SF/Yr to lease.
Market Trends
Elmwood, LA spans 7.6 square miles in Orleans County, Louisiana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Elmwood, LA asks $25.66/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail space in Elmwood, LA asks $23.13/SF/Yr to lease. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Industrial
Industrial space in Elmwood, LA asks $19.01/SF/Yr to lease. Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Elmwood, LA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Elmwood, LA has 27,346 residents in 14,297 households. Density runs 3,607 people per square mile. Median household income here is $82,639 and median gross rent $1,310 a month.
27,346
Population
14,297
Households
1.9
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
3,607
Density / Sq Mi
$82,639
Median Household Income
$52,709
Median Earnings
$1,310
Median Rent
$318,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Metairie | $174 (county avg) | $23.96 |
| Kenner | $174 (county avg) | $17.21 |
| Westwego | $174 (county avg) | $10.33 |
| Marrero | $174 (county avg) | $16.44 |
Commercial property in Elmwood, LA asks $135/SF. The 4 bordering markets run from $174/SF in Metairie to $174/SF in Metairie, and the city sits below their $174/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elmwood?
Commercial property in Elmwood, LA asks an average of $135 per square foot. The 7 most recent recorded sales traded at a median of $83/SF, so asking sits 63% above the achieved median.
How much does it cost to lease commercial space in Elmwood?
Asking lease rates in Elmwood, LA average $23.61 per square foot per year. Office asks $25.66/SF/Yr as of Q2 26, up from $17.80/SF/Yr in Q1 26.
How does Elmwood compare to nearby markets on price?
Elmwood, LA asks $135/SF against $174/SF in Metairie, $174/SF in Kenner, $174/SF in Westwego and $174/SF in Marrero.
Where does Realmo's Elmwood market data come from?
Realmo compiles Elmwood, LA figures from 7 recent recorded sales, 2,053 active sale listings, 427 active lease listings, 10,931 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2,053 active for-sale and 427 active for-lease listings in Elmwood, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
