New Orleans is a unique commercial market driven by tourism, oil & gas, healthcare, and port logistics. The CBD and French Quarter anchor the office and retail markets. Louisiana has specific commercial lease laws including provisions around hurricane damage and force majeure that are more prominent than in other states.
By Angel Campa, Founder · Updated March 2026
Commercial Space
35M sq ft
Avg Office Rent
$18–$30/sq ft
Vacancy Rate
20%
Avg Lease Term
3–8 years
NOLA CBD office is Modified Gross. French Quarter retail is NNN. Port and logistics is NNN. Louisiana law requires specific provisions around natural disaster and casualty that appear in most leases.
Louisiana Landlord–Tenant Guide
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