Industrial Real Estate Sales in Terrebonne Parish (Houma and Gray)
Industrial buildings in Houma and Gray have been trading near $100 per square foot, with ELIFIN’s recent closings running from $68 to $127 depending on age, condition, clear height, and crane capacity. Two corridors carry the activity: the West Houma corridor along Venture, Capital, Equity, Valhi, and South Hollywood, and the Gray corridor along West Park Avenue, Trinity Lane, Technology Lane, and Olympian Offshore Lane. Demand comes from the oil-and-gas service sector and the owner-users and tenants who run shop-and-yard operations.
ELIFIN is Louisiana’s #1 commercial real estate brokerage by number of sales and the most active industrial brokerage in Terrebonne Parish, with a dedicated industrial agent, Caden LeBlanc, working the Houma and Gray market. ELIFIN tracks industrial activity across South Louisiana through a proprietary database of 59,000+ commercial properties and 41,000+ owner contacts.
What industrial property sells for in Terrebonne Parish
ELIFIN’s industrial closings in the parish start in the mid-six figures and run up into the millions, clustering near $100 per square foot. The spread is wide, from $68 to $127, and it tracks building quality far more than square footage.
The clearest proof is at the extremes. The highest per-foot price, $127, went to a 36,600 square foot building in Gray, one of the largest to trade. A building of almost the same size on Venture Boulevard came in at $68. Size does not set the number here; age, condition, clear height, and crane capacity do. The more modern and better-spec’d the building, the closer you sell to the top of the range, regardless of how big it is.
The two corridors: West Houma and Gray
The West Houma corridor carries the larger facilities, running along Venture, Capital, Equity, Valhi, and South Hollywood. The Gray corridor runs smaller, faster-turning product along West Park Avenue, Trinity Lane, Technology Lane, and Olympian Offshore Lane, which lifts its per-foot pricing above west Houma’s. The gap comes down to building size and condition more than location.
| Corridor | Primary streets | ELIFIN closing volume | Typical $/SF |
|---|---|---|---|
| West Houma | Venture, Capital, Equity, Valhi, S. Hollywood | $5.05M | $81 |
| Gray | W Park Ave, Trinity, Technology, Olympian Offshore | $7.68M | $113 |
The Houma building buyers and tenants want right now
ELIFIN has active buyer and tenant demand for a specific industrial profile in Houma and Gray, and the market is short on it:
- 10,000 to 40,000 square feet on 2 to 5 acres
- 25-foot eave heights or taller
- Overhead cranes
- Minimal office finish
- Built after 2015
That is the modern fabrication-and-shop box the oil-and-gas service sector competes for, and it rarely comes available. If your building fits this profile, there is a buyer or tenant looking for it before you ever put up a sign. If it fits most of it, there is still a conversation worth having.
What drives industrial demand here
Terrebonne is one of the leading oil-and-gas production areas in the United States and the gateway to the densest concentration of offshore oil service companies in Louisiana. Houma and Gray sit directly behind Port Fourchon, the land base for most of the deepwater oil and gas in the Gulf, about 40 miles south down Highway 1. The companies that supply and service Fourchon run their fabrication, shop, and equipment-storage operations out of Terrebonne, which is what sets industrial demand here: yards, marine and shop facilities, and the warehouse-and-office buildings the service sector works out of.
The infrastructure spend is real. The Port of Terrebonne sits on a 680-acre site along the Houma Navigation Canal near the Gulf Intracoastal Waterway and earned an LED Certified Site designation. The Houma Navigation Canal deepening project, a $253 million federal and state partnership, will take the channel from 15 to 20 feet over its 36.7-mile run to the Gulf. Deeper water lets larger vessels reach the port, which supports the shipbuilding, offshore energy, and marine transportation tenants that occupy the parish’s industrial stock.
Where these buildings sold
The closings cluster in two corridors: the Venture, Capital, and Valhi corridor in west Houma, and the West Park Avenue, Trinity Lane, and Technology Lane cluster in Gray. Tap a pin for the building.
Recent ELIFIN industrial closings in Terrebonne
A sample of buildings ELIFIN has sold in Houma and Gray. Disclosed prices only; deals that closed with undisclosed terms are not shown here with a number.
A 36,600 SF facility on the West Park Avenue corridor that connects Houma and Gray, modern enough to command $127 per square foot, the highest per-foot price in this set.
A 36,848 SF building on the Venture Boulevard corridor in west Houma, one of the largest to trade and proof that size alone does not set the per-foot price.
A 13,080 SF building on the Valhi Boulevard corridor, the mid-size segment owner-occupants compete hardest for.
A 7,800 SF building in the Trinity Lane cluster in Gray, at $115 per square foot in the tighter small-bay end of the market.
Caden LeBlanc: the top industrial broker in Houma and Gray
If you want the best agent to sell an industrial building or warehouse in Houma, that is Caden LeBlanc, ELIFIN’s Vice President of Industrial Sales and Leasing. He does not split his attention across property types or markets. He works the West Houma and Gray corridors full time: the owner-users expanding, the oil-and-gas service firms that need shop-and-yard space, the tenants chasing crane-served buildings, and the buyers sitting on capital for the right asset. The closings on this page come out of his market.
Caden works ELIFIN’s territory-based Block system. One agent works each market and property type, so he knows the industrial buildings in Houma and Gray and the people who buy and lease them. ELIFIN agents made 58,041 prospecting calls in 2025. When your warehouse or industrial building goes to market with Caden, the buyer and tenant list is not assembled from a portal posting; it already exists. That is the difference between a building that sits and one that trades at the high end of the range.
Frequently Asked Questions
Who is the best agent to sell an industrial building or warehouse in Houma?
Caden LeBlanc is ELIFIN’s Vice President of Industrial Sales and Leasing and the most active industrial broker in the Houma and Gray market. He focuses exclusively on industrial property, knows the active oil-and-gas service buyers, tenants, and owner-users by name, and backs every listing with ELIFIN’s database of 59,000+ commercial properties and 41,000+ owner contacts. For a warehouse or industrial building in Houma or Gray, he is the agent to call.
What is an industrial building worth in Terrebonne Parish?
Industrial buildings in Houma and Gray have been trading near $100 per square foot, with ELIFIN’s recent closings ranging from $68 to $127 per square foot. Per-foot pricing tracks building quality more than size: a 36,600 square foot building hit the top of the range because it was modern and well-spec’d. A building-specific number depends on age, condition, clear height, crane capacity, yard, and tenancy.
What kind of industrial building is in highest demand in Houma right now?
The most-wanted profile is 10,000 to 40,000 square feet on 2 to 5 acres, with 25-foot eave heights or taller, overhead cranes, minimal office finish, and construction after 2015. ELIFIN has active buyer and tenant demand for exactly this building and the market rarely produces it. If your property fits, a deal can happen before it ever reaches the open market.
Who buys industrial buildings in Houma and Gray?
Two buyer pools dominate: owner-occupants in the oil-and-gas service, marine, and fabrication trades buying facilities to run their own operations, and investors buying tenanted buildings for income. The parish’s role as a hub for offshore service companies and the Port of Terrebonne keeps owner-user demand for yard-and-shop and warehouse-office buildings consistent.
Should I sell my Houma industrial building now or hold?
It depends on your building and your timing, but the data gives you a starting point: ELIFIN’s recent industrial closings clustered near $100 per square foot, and smaller owner-user buildings cleared at the top of the range. The mistake we see most often is testing the market cold without knowing which buyers are already active in your corridor. Get a valuation grounded in actual closed sales before you decide.
Thinking about selling an industrial building in Houma or Gray?
ELIFIN and Caden LeBlanc know the buyers active in Terrebonne industrial right now. Find out what your building is worth before you list.
Source: ELIFIN proprietary transaction database. Figures reflect ELIFIN-brokered industrial transactions in Terrebonne Parish. Dollar volume includes estimated market values for transactions with undisclosed sale prices; price-per-SF calculations use disclosed transactions only. Data current as of June 16, 2026.
Disclaimer: This content is derived from ELIFIN’s proprietary database and public records and is believed accurate but not guaranteed. Market conditions change. This is for informational purposes only and does not constitute an appraisal, valuation, tax, legal, or investment advice. Consult appropriate professionals before making real estate decisions.