LA - New Orleans
ME - Midcoast
DEMOGRAPHICS
MARKET HIGHLIGHTS
DEMOGRAPHICS
MARKET HIGHLIGHTS
New Orleans-
Metairie
•;Oschner Hospital continued
expansion by signing an 80,000
SF Office lease in the recently
renovated Benson Tower adjacent
to the Mercedes-Benz Superdome.
Rockland,
ME
Kenner, LA
•;Super Wal-Mart, McDonald’s
and Nuria C-Store have all
moved into the area.
3,153
366
•;Vacancy rates have increased in
Retail and Office due to continued
reductions in space by tenants
and the addition of several large
properties in the area.
•;Vacancy is rising slightly due to
Wal-Mart moving out of their
existing space into a much
larger building.
1,230,886
40,753
•;New construction includes a
150,000 SF Center.
469,474
17,284
•;Units sold is increasing, and
prices are stabilizing.
$83,382
•;Expansion of the State Hospital
System is underway with the
construction of a 424-bed Hospital
facility in New Orleans.
$65,601
•;The region has experienced
higher tourist numbers.
458,428
•;The Multi-Family product has
seen an increase in occupancy
and rental rates, while single
family inventory has fallen and
pricing seems to be stabilizing or
increasing depending on location.
15,971
•;There has been substantial
increase in national media
attention due to major events
and activity.
6.4%
7.0%
701 Loyola Ave., Suite 401
New Orleans, LA 70150
(504) 566-1777
www.cbctec.com
CONTACT
Coldwell Banker Commercial
TEC Realtors
•;New Orleans’s culture has often
been perceived as an obstacle
to growth, but is now the
reason why so many young and
entrepreneurial people are seeking
this city to conduct business and
raise a family.
(207) 596-7478
www.soundvest.com
CONTACT
Coldwell Banker Commercial
SoundVest Properties
•;Louisiana exports increased 45%
in 2011, which is the most of any
state in the country, placing 7th
among all states for export volume
in the United States.
147 Park St.
Rockland, ME 04841
OFFICE
RETAIL
OFFICE
RETAIL
Vacancy
P
Vacancy
P
Vacancy
N
Vacancy
Q
Absorption
Q
Absorption
Q
Absorption
N
Absorption
P
Rental Rates
Q
Rental Rates
Q
Rental Rates
Q
Rental Rates
N
INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
Vacancy
Q
Vacancy
Q
Vacancy
N
Vacancy
P
Absorption
P
Absorption
P
Absorption
N
Absorption
Q
Rental Rates
N
Rental Rates
P
29 Rental Rates
N
Rental Rates
N
