Commercial Real Estate Market in Gray, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
9 active listings and 274 off-market properties in Gray, LA. Commercial property asks $100/SF to buy (based on 3 listings) and $14.40/SF/Yr to lease (based on 5 listings).
Market Trends
Gray, LA spans 14.4 square miles in Terrebonne County, Louisiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Gray, LA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Gray, LA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Gray, LA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Gray, LA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Gray, LA has 9,591 residents in 3,768 households. Density runs 666 people per square mile. Median household income here is $54,139 and median gross rent $1,119 a month.
Tools
Nearby Markets
Commercial property in Gray, LA asks $100/SF. The 2 bordering markets run from $85/SF in Houma to $101/SF in Thibodaux, and the city sits above their $93/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Gray?
How much does it cost to lease commercial space in Gray?
How does Gray compare to nearby markets on price?
Where does Realmo's Gray market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 5 active for-lease listings in Gray, LA. The medians are based on 3 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 31 October 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 October 2026 · How Realmo checks market page data · Report a data issue
