New Orleans Commercial Real Estate Sales: H1 2026 Report
306 commercial property sales totaling $683.7 million were recorded across Orleans and Jefferson Parish in the first half of 2026. That is 20.5 percent more deals and 60.1 percent more dollar volume than the first half of 2025, and Jefferson Parish alone doubled its volume. If you own commercial property in the metro, the buyer pool that was sitting on its hands a year ago is writing checks again.
This report is built from the proprietary database behind ELIFIN, Louisiana’s #1 commercial real estate brokerage by number of sales: 59,000+ tracked commercial properties and 41,000+ owner contacts across New Orleans, Baton Rouge, and Lafayette.
Sales by Property Type
Multifamily carried the most dollars, retail produced the most closings, and office posted the number that will get quoted: $144.2 million across 48 sales in a market where many had written the sector off.
| Property Type | Sales | Dollar Volume |
|---|---|---|
| Multifamily | 48 | $193.4M |
| Retail | 88 | $157.6M |
| Office | 48 | $144.2M |
| Industrial | 53 | $72.3M |
| Land | 37 | $14.0M |
| All other types | 32 | $102.2M |
| Total | 306 | $683.7M |
The office market found its clearing price. One Canal Place, a 32-story, 652,548 SF tower, traded at $42.72 per square foot in April, and once a basis like that prints, buyers who were waiting for proof of the bottom start transacting. 48 office sales closed in the half.
Parish by Parish: H1 2025 vs. H1 2026
| Parish | H1 2025 Sales | H1 2025 Volume | H1 2026 Sales | H1 2026 Volume |
|---|---|---|---|---|
| Orleans | 117 | $278.1M | 143 | $384.1M |
| Jefferson | 137 | $148.9M | 163 | $299.6M |
| Total | 254 | $427.1M | 306 | $683.7M |
Both parishes grew deal count by roughly 20 percent. Jefferson’s volume rose 101.2 percent, driven by large retail and industrial trades on the Westbank and in Metairie. Orleans added $106 million of volume on 26 additional closings. The average recorded sale across the metro moved from $1.7 million to $2.2 million.
Notable H1 2026 Transactions
The largest disclosed sales of the half, from parish conveyance records:
Aggregated Holdings of New Orleans LLC, a New York-based entity, bought One Canal Place, the 32-story CBD tower, at $42.72 per square foot, the half’s biggest check and a new reference basis for downtown office.
Reyes Holdings, the Illinois-based food and beverage distributor, purchased the 318,304 SF facility through Lone Oak Jefferson LLC at $73.83 per square foot, the largest disclosed industrial trade in the metro this half.
Manhattan Crossing LLC, a New York-based buyer, acquired the Westbank shopping center at $116.71 per square foot.
Grandbridge Holdings LLC paid $284.90 per square foot for the two-story retail property on the Veterans corridor, the strongest per-foot pricing among the half’s large disclosed trades.
What It Means If You Own Commercial Property Here
The mistake we see most often is waiting for an official announcement that the market is back. There will not be one. What exists instead is this: 306 owners closed sales in six months, volume rose 60.1 percent, and the average check got bigger. Sellers who move while buyer competition is rising set the price; sellers who wait for certainty follow it.
Every commercial property in Orleans and Jefferson Parish sits inside an ELIFIN Block, a defined territory with one agent accountable for knowing its buildings, owners, and active buyers. ELIFIN agents make over 1,000 prospecting calls every single week, so when a property on your corridor goes to market, the buyer list already exists.
Frequently Asked Questions
How many commercial properties sold in New Orleans in the first half of 2026?
306 commercial sales were recorded across Orleans and Jefferson Parish in the first half of 2026, totaling $683.7 million: 143 in Orleans and 163 in Jefferson. Deal count rose 20.5 percent and dollar volume rose 60.1 percent over the first half of 2025.
What was the largest commercial sale in New Orleans in H1 2026?
The largest disclosed sale was One Canal Place, the 32-story, 652,548 SF office tower at 365 Canal Street in New Orleans, which closed in April 2026 for $27.9 million, or $42.72 per square foot. Transactions with undisclosed prices are excluded from that ranking.
Is now a good time to sell commercial property in New Orleans or Metairie?
Dollar volume rose 60.1 percent year over year in the first half of 2026 and Jefferson Parish volume roughly doubled, so capital is transacting in the metro again. Multifamily carried the most volume at $193.4 million and retail produced the most closings at 88. What that means for your building depends on its type and corridor, which is what a valuation answers.
What is my commercial property worth in New Orleans or Metairie?
The average recorded commercial sale in Orleans and Jefferson Parish was about $2.2 million in the first half of 2026, up from $1.7 million a year earlier, but averages do not price a specific property. Type, corridor, tenancy, and condition set the number. ELIFIN provides free valuations built from a proprietary database of 59,000+ commercial properties.
Volume is up 60 percent. Want to sell your building?
A free ELIFIN valuation prices your property against the deals in this report, from the agent who works your corridor.
Source: ELIFIN proprietary transaction database, compiled from parish conveyance records. Dollar volume figures include estimated market values for transactions with undisclosed sale prices; individual prices and price-per-SF figures are shown for disclosed transactions only. Figures reflect commercial sales of $100,000 and up (multifamily of 5+ units) recorded through July 31, 2026; late-recorded June closings may add to these totals. Data current as of July 31, 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.