Commercial Real Estate Market in Harvey, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
76 active listings and 40 off-market properties in Harvey, LA. Commercial property asks $176/SF to buy and $15.73/SF/Yr to lease.
Market Trends
Harvey, LA spans 12.8 square miles in Jefferson County, Louisiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Harvey, LA asks $177/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Harvey, LA asks $201/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 Harvey, 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 space in Harvey, LA asks $167/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Harvey, LA has 41,377 residents in 16,063 households. Density runs 3,242 people per square mile. Median household income here is $58,533 and median gross rent $1,217 a month.
41,377
Population
16,063
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
12.8 sq mi
ZIP Area
3,242
Density / Sq Mi
$58,533
Median Household Income
$34,680
Median Earnings
$1,217
Median Rent
$195,100
Median Home Value
Tools
Lease vs Buy Breakeven
At $15.73/SF/Yr lease vs $176/SF buy → buying wins if held > 1.7 years.
The comparison uses county-wide sale comps against Harvey asking rents, so the implied 9% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marrero | $176 (county avg) | $16.95 |
| Gretna | $176 (county avg) | $17.08 |
| Westwego | $176 (county avg) | $10.33 |
| Metairie | $176 (county avg) | $22.63 |
Commercial property in Harvey, LA asks $176/SF. The 4 bordering markets run from $176/SF in Marrero to $176/SF in Marrero, and the city sits in line with their $176/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Harvey?
Commercial property in Harvey, LA asks an average of $176 per square foot. Retail carries the highest asking price at $201/SF.
How much does it cost to lease commercial space in Harvey?
Asking lease rates in Harvey, LA average $15.73 per square foot per year.
Is it cheaper to lease or buy commercial space in Harvey?
Buying beats leasing in Harvey, LA if the property is held longer than 1.7 years, comparing $15.73/SF/Yr asking rent with $176/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Harvey compare to nearby markets on price?
Harvey, LA asks $176/SF against $176/SF in Marrero, $176/SF in Gretna, $176/SF in Westwego and $176/SF in Metairie.
Where does Realmo's Harvey market data come from?
Realmo compiles Harvey, LA figures from 43 active sale listings, 33 active lease listings, 40 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 43 active for-sale and 33 active for-lease listings in Harvey, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 August 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
