2025 South Louisiana Commercial Real Estate Year in Review
South Louisiana’s commercial real estate market surged in 2025. Across the state’s three major metros—Baton Rouge, New Orleans, and Lafayette—ELIFIN tracked 1,405 commercial property sales totaling approximately $2.6 billion in dollar volume. That represents an 11% increase in transaction count and a 56% jump in dollar volume compared to 2024, marking one of the strongest years on record for the region.
ELIFIN, Louisiana’s #1 commercial real estate brokerage by number of sales, maintains a proprietary database of more than 59,000 commercial properties and over 41,000 property owner contacts across the state, with more than 5.4 million logged CRM activities. Founded in 2016 and headquartered in Baton Rouge with offices in New Orleans and Lafayette, ELIFIN’s specialized agents cover every parish and property type analyzed in this report.
2025 Transactions Across South Louisiana
The map below plots 300 of the largest commercial property sales recorded by ELIFIN across South Louisiana in 2025. Each dot is color-coded by property type and sized relative to dollar volume. Click any marker for transaction details.
Market-by-Market Breakdown
Greater Baton Rouge dominated 2025 activity, posting the highest transaction count and the largest dollar volume gains of any South Louisiana market. Meanwhile, the New Orleans metro held steady at near-2024 levels, and Lafayette continued its upward trajectory with double-digit growth in both deals and volume.
| Market | Transactions | Dollar Volume | YoY Transactions | YoY Volume |
|---|---|---|---|---|
| Greater Baton Rouge | 545 | $1,327,782,007 | +24.1% | +148.4% |
| Greater New Orleans | 518 | $847,644,101 | −1.5% | +2.2% |
| Lafayette | 341 | $423,651,541 | +13.7% | +41.6% |
| South Louisiana Total | 1,405 | $2,599,077,649 | +11.0% | +56.3% |
Baton Rouge’s volume more than doubled year-over-year, driven by several large multifamily and retail transactions that closed in the second half of the year. The New Orleans metro’s transaction count dipped slightly, but average deal size held firm, keeping overall volume essentially flat. Lafayette saw broad-based gains across retail, industrial, and land categories.
Activity by Property Type
Retail properties led in transaction count for the second consecutive year, accounting for 26% of all South Louisiana deals. Multifamily led in dollar volume—$675 million across just 111 transactions—reflecting the continued institutional appetite for apartment assets in Louisiana’s major metros. Industrial and office each contributed around $298 million and $296 million respectively, while land sales ticked up 25% in count but stayed nearly flat in total volume.
| Property Type | Transactions | Dollar Volume | % of Deals | % of Volume |
|---|---|---|---|---|
| Retail | 365 | $611,235,052 | 26.0% | 23.5% |
| Industrial | 299 | $297,812,261 | 21.3% | 11.5% |
| Land | 283 | $174,270,254 | 20.2% | 6.7% |
| Office | 241 | $296,196,926 | 17.2% | 11.4% |
| Multifamily | 111 | $675,302,374 | 7.9% | 26.0% |
| Specialty | 36 | $113,771,354 | 2.6% | 4.4% |
| Hotel | 25 | $178,707,757 | 1.8% | 6.9% |
| Mixed Use | 19 | $27,135,083 | 1.4% | 1.0% |
| Portfolio | 12 | $107,356,388 | 0.9% | 4.1% |
| Healthcare | 8 | $70,385,200 | 0.6% | 2.7% |
| Self Storage | 5 | $46,905,000 | 0.4% | 1.8% |
| Total | 1,405 | $2,599,077,649 | 100% | 100% |
Quarterly Trends
Transaction activity accelerated throughout the year. The first quarter opened at a modest pace with 304 closings and $451 million in volume, but momentum built steadily. By the fourth quarter, South Louisiana recorded 378 transactions and $820 million in volume—an 82% increase in quarterly dollar volume from Q1 to Q4.
| Quarter | Transactions | Dollar Volume | BR Metro | NO Metro | Lafayette |
|---|---|---|---|---|---|
| Q1 2025 | 304 | $450,609,092 | $135,209,690 | $211,769,021 | $103,630,381 |
| Q2 2025 | 355 | $642,371,963 | $339,075,209 | $211,903,828 | $91,392,926 |
| Q3 2025 | 367 | $685,917,488 | $392,137,262 | $185,549,693 | $108,230,533 |
| Q4 2025 | 378 | $820,179,106 | $461,359,846 | $238,421,559 | $120,397,701 |
| Full Year | 1,405 | $2,599,077,649 | $1,327,782,007 | $847,644,101 | $423,651,541 |
Baton Rouge drove much of the second-half surge, with Q3 and Q4 volume exceeding $853 million combined—more than the entire New Orleans metro produced all year. The New Orleans market was remarkably consistent quarter to quarter, ranging from $186 million to $238 million per quarter. Lafayette maintained a steady pace between $91 million and $120 million each quarter.
Price Range Distribution
The middle market remained the backbone of South Louisiana’s commercial real estate activity. Transactions priced between $250,000 and $1 million accounted for 688 deals—nearly half of all closings. But the $10 million-plus category punched well above its weight: just 44 transactions generated $1.2 billion in volume, or 46% of the region’s total.
| Price Range | Transactions | Dollar Volume |
|---|---|---|
| Under $250,000 | 310 | $52,308,489 |
| $250,000 – $500,000 | 359 | $133,655,254 |
| $500,000 – $1,000,000 | 329 | $240,105,205 |
| $1,000,000 – $2,500,000 | 240 | $382,685,280 |
| $2,500,000 – $5,000,000 | 79 | $272,573,155 |
| $5,000,000 – $10,000,000 | 43 | $312,808,167 |
| $10,000,000+ | 44 | $1,204,942,099 |
Top Transactions of 2025
The year’s marquee closings spanned multifamily, retail, hotel, and specialty assets across all three metros. Below are the largest disclosed transactions recorded in ELIFIN’s database during 2025.
Baton Rouge claimed three of the six largest disclosed deals, including the two largest. Multifamily properties accounted for half of the top transactions, underscoring how institutional capital continues to flow into Louisiana’s apartment sector.
Year-over-Year: Property Type Trends
Comparing 2025 to 2024 reveals where capital shifted across asset classes. Retail dollar volume doubled on a 23% increase in transaction count, suggesting significantly larger deals in 2025. Multifamily volume nearly doubled on essentially flat deal count. Land transaction counts jumped 25% even as total land volume held steady, indicating more frequent but smaller land sales. Industrial and office both posted moderate gains.
| Property Type | 2024 Deals | 2025 Deals | Δ Count | 2024 Volume | 2025 Volume | Δ Volume |
|---|---|---|---|---|---|---|
| Retail | 296 | 365 | +23.3% | $303.3M | $611.2M | +101.5% |
| Multifamily | 110 | 111 | +0.9% | $347.7M | $675.3M | +94.2% |
| Industrial | 292 | 299 | +2.4% | $253.7M | $297.8M | +17.4% |
| Office | 226 | 241 | +6.6% | $262.6M | $296.2M | +12.8% |
| Land | 226 | 283 | +25.2% | $172.7M | $174.3M | +0.9% |
The retail surge is notable: total dollar volume more than doubled while transaction count grew 23%, pointing to significantly larger individual retail deals closing across South Louisiana in 2025. A handful of large shopping center and single-tenant retail sales in the Baton Rouge metro contributed to the jump, but the growth was broad-based across all three markets. Multifamily volume grew 94% on essentially flat deal count, indicating significantly larger individual transactions in 2025—several institutional-grade apartment communities traded hands at prices exceeding $30 million.
How ELIFIN Tracks the Market
ELIFIN has built the most comprehensive commercial property sales database in Louisiana over the past decade. The firm began tracking every commercial sale in East Baton Rouge Parish in 2015, expanded to Orleans Parish in 2017, added Jefferson Parish in 2021, Lafayette Parish in 2023, and Ascension Parish in 2024. This depth of historical data allows ELIFIN to identify trends, provide accurate valuations, and advise clients with market intelligence that no other brokerage in the state can match.
ELIFIN’s proprietary Block system assigns every commercial property in its coverage area to a geographic block managed by a specialized agent. This means no property is overlooked, and buyers and sellers gain access to an agent who knows the specific submarket—its recent transactions, active listings, and ownership landscape. Combined with ELIFIN’s database of 59,000+ tracked properties and 41,000+ owner contacts, this system gives clients a decisive advantage in identifying acquisition targets or marketing properties for disposition.
Frequently Asked Questions
How many commercial properties sold in South Louisiana in 2025?
ELIFIN tracked 1,405 commercial property sales across South Louisiana’s three major metros—Baton Rouge, New Orleans, and Lafayette—during 2025. Total dollar volume reached approximately $2.6 billion, a 56% increase over 2024.
Which South Louisiana market had the most commercial real estate activity in 2025?
Greater Baton Rouge led South Louisiana with 545 commercial sales totaling $1.33 billion in dollar volume during 2025. The New Orleans metro followed with 518 transactions worth $847.6 million, and Lafayette posted 341 sales totaling $423.7 million.
What was the largest commercial real estate sale in South Louisiana in 2025?
The largest disclosed commercial transaction in South Louisiana during 2025 was the $82 million sale of 222 E. Boyd Drive in Baton Rouge, a multifamily property with over 273,000 square feet. The second-largest was the $81 million sale of 7529 Corporate Boulevard, a major retail property, also in Baton Rouge.
What type of commercial property sold the most in Louisiana in 2025?
Retail properties led in transaction count with 365 sales across South Louisiana in 2025, followed by industrial (299 sales) and land (283 sales). By dollar volume, multifamily led at $675.3 million despite accounting for only 111 transactions, while retail ranked second at $611.2 million.
How does ELIFIN track commercial real estate data in Louisiana?
ELIFIN maintains a proprietary database of over 59,000 commercial properties across Louisiana, built through direct market research, public records analysis, and broker intelligence. ELIFIN has tracked every commercial sale in the Baton Rouge metro since 2015, Orleans Parish since 2017, Jefferson Parish since 2021, Lafayette since 2023, and Ascension Parish since 2024.
Ready to Buy or Sell Commercial Property in Louisiana?
Whether you’re evaluating an acquisition, planning a disposition, or need an accurate property valuation, ELIFIN’s specialized agents and proprietary data give you a competitive edge in South Louisiana’s commercial real estate market.