Commercial Real Estate Market in Metairie, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
358 active listings and 277 off-market properties in Metairie, LA. Commercial property asks $176/SF to buy and $22.63/SF/Yr to lease.
Market Trends
Metairie, LA spans 23.5 square miles in Jefferson County, Louisiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Metairie, 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 Metairie, LA asks $27.86/SF/Yr to lease and $201/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Metairie, 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 Metairie, 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
Metairie, LA has 141,964 residents in 65,259 households. Density runs 6,045 people per square mile. Median household income here is $74,517 and median gross rent $1,165 a month.
141,964
Population
65,259
Households
2.2
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
23.5 sq mi
ZIP Area
6,045
Density / Sq Mi
$74,517
Median Household Income
$46,632
Median Earnings
$1,165
Median Rent
$320,598
Median Home Value
Tools
Lease vs Buy Breakeven
At $22.63/SF/Yr lease vs $176/SF buy → buying wins if held > 0.9 years.
The comparison uses county-wide sale comps against Metairie asking rents, so the implied 12.9% 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 |
|---|---|---|
| Westwego | $176 (county avg) | $10.33 |
| Kenner | $176 (county avg) | $18.16 |
| Marrero | $176 (county avg) | $16.95 |
| Harvey | $176 (county avg) | $15.73 |
Commercial property in Metairie, LA asks $176/SF. The 4 bordering markets run from $176/SF in Westwego to $176/SF in Westwego, 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 Metairie?
Commercial property in Metairie, 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 Metairie?
Asking lease rates in Metairie, LA average $22.63 per square foot per year. Retail asks $27.86/SF/Yr as of Q4 25, down from $29.08/SF/Yr in Q3 25.
Is it cheaper to lease or buy commercial space in Metairie?
Buying beats leasing in Metairie, LA if the property is held longer than 0.9 years, comparing $22.63/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 Metairie compare to nearby markets on price?
Metairie, LA asks $176/SF against $176/SF in Westwego, $176/SF in Kenner, $176/SF in Marrero and $176/SF in Harvey.
Where does Realmo's Metairie market data come from?
Realmo compiles Metairie, LA figures from 4 recent recorded sales, 189 active sale listings, 169 active lease listings, 277 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 189 active for-sale and 169 active for-lease listings in Metairie, 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
