Office Buildings for Sale in New Orleans and Metairie, Louisiana

Office property transaction data, pricing trends, and corridor analysis across the New Orleans metro from ELIFIN's proprietary commercial real estate database.

ELIFIN is Louisiana's #1 commercial real estate brokerage by number of sales. Our specialized agents track every commercial transaction across Baton Rouge, New Orleans, and Lafayette — building a proprietary database of more than 59,000 commercial properties and 41,000 property owner contacts. That depth gives us an unmatched view of the office market across Orleans Parish, Jefferson Parish, and the broader New Orleans metro.

The New Orleans metro is home to a large, diverse office market that spans the CBD high-rises of downtown to the suburban professional office corridors of Metairie and Kenner. With more than 2,000 tracked office properties and 31 million square feet of inventory, the metro supports steady transaction activity driven by healthcare, legal, financial, and government tenancy. In 2025, 84 office properties changed hands for a combined $110.5 million in dollar volume.

New Orleans Metro Office Market at a Glance

Source: ELIFIN proprietary database — Orleans Parish and Jefferson Parish office properties.

Office buildings are the third-most-active property type by transaction count in the New Orleans metro, behind retail and industrial. The 84 office sales recorded in 2025 generated an average disclosed transaction price of roughly $1.25 million, though that figure is heavily influenced by a handful of large CBD and suburban campus deals. The median price per square foot across all disclosed transactions was $154 — in line with the five-year average and reflecting a stable pricing environment despite shifting office demand nationally.

Sales Trends: 2021–2025

ELIFIN has comprehensively tracked every commercial sale in both Orleans Parish (since 2017) and Jefferson Parish (since 2021). With complete coverage of both parishes from 2021 onward, the five-year trend reveals a market with consistent transaction counts and pricing stability:

Source: ELIFIN transaction database. Dollar volume includes estimated market values for undisclosed-price transactions. Median $/SF uses disclosed sales of office properties with reported square footage.

Dollar volume fluctuates from year to year, largely driven by whether a few high-value CBD transactions close in a given period. The $150.7 million recorded in 2022 included several major downtown office sales, while 2023's $59.5 million reflected a thinner year at the top of the market. What has remained remarkably consistent is transaction count — the metro averages roughly 83 office sales per year — and median price per square foot, which has held in a narrow $142–$158 range across all five years. The 2025 median of $154 is right in line with the five-year average.

Office Pricing by Submarket

Pricing varies dramatically across the metro. The map below shows median sale price per square foot for each submarket, based on all disclosed non-medical office transactions in ELIFIN's database. Medical office trades at a structural premium and is excluded to give a clearer picture of the general office market. Click any label to see the number of tracked sales and the typical pricing band (25th to 75th percentile).

Orleans Parish vs. Jefferson Parish

The metro's office market operates in two distinct modes. Orleans Parish is home to the CBD, where a smaller number of transactions generate outsized dollar volume. Jefferson Parish produces a higher transaction count of smaller-format suburban office buildings at lower per-foot prices.

While Jefferson Parish holds 53% of the metro's office properties by count, Orleans Parish now accounts for 59% of total office square footage — reflecting the concentration of larger-format Class A towers in the Central Business District along Poydras Street and surrounding blocks. Jefferson Parish's 1,073 properties and 12.7 million square feet are concentrated in Metairie along the Veterans Boulevard and Causeway Boulevard corridors and in the Elmwood office campus area near Harahan. Orleans Parish contributes 949 properties and 18.3 million square feet, anchored by the CBD's institutional-scale office towers and a deep inventory of smaller professional office buildings across Uptown, Mid-City, and the Warehouse District.

Orleans Parish generated 31% of office transaction count but 43% of dollar volume in 2025, reflecting higher average deal sizes driven by CBD acquisitions. The $26.5 million sale of 1515 Poydras Street alone accounted for more than half of Orleans Parish's total office volume. Jefferson Parish produced the bulk of the transaction activity — 58 of 84 sales — at a more moderate average price point, consistent with its role as the metro's suburban office hub.

Office Inventory by Submarket

The treemap below shows how ELIFIN's tracked office inventory distributes across the metro's submarkets. Each block is sized proportionally to total building square footage. Orleans Parish submarkets appear in green; Jefferson Parish in purple. The CBD's dominance in total square footage is immediately apparent — its 114 properties contain nearly 10 million square feet, followed by Metairie's broad base of 608 properties totaling 8.9 million square feet. Hover over any block for property counts.

Submarket Turnover: % of Buildings Sold in 2025

How actively does each submarket trade? The pie charts below show each submarket's annual turnover rate — the dark slice represents the percentage of tracked office buildings that changed hands in 2025. Elmwood/Harahan leads at 17.2%, with 5 of its 29 tracked buildings selling. The Westbank saw 14.1% turnover. By contrast, Orleans Parish's large inventory base of 923 buildings turned over just 2.8%, reflecting the concentration of institutional-grade assets that trade infrequently. Click any chart for details.

Key Office Corridors

Office transaction activity in the New Orleans metro clusters along several well-defined corridors, each serving a different segment of the market.

Source: ELIFIN transaction database, all-time tracked sales. Orleans Parish data comprehensive since 2017; Jefferson Parish since 2021.

Poydras Street leads all corridors in total dollar volume at $101.4 million — though across only four transactions, underscoring the outsized scale of CBD high-rise office deals. Canal Street has the highest transaction count of any single corridor with 29 tracked sales, reflecting a deep inventory of mid-rise and converted office buildings. In Jefferson Parish, Veterans Boulevard dominates with 11 sales and $52.9 million in total volume, driven by the concentration of larger-format office buildings in the heart of Metairie. The Elmwood Park Boulevard area, though lower in transaction count, has generated $20.2 million from just three sales — all larger office campus transactions.

Notable 2025 Office Transactions

The following sales illustrate the range of office deals closing across the New Orleans metro:

The largest office transaction in the metro in 2025 — and one of the largest in recent years — this half-million-square-foot tower on Poydras Street traded at a notable discount on a per-foot basis, reflecting the valuation challenges facing large-format CBD office towers in a post-pandemic market. The low per-square-foot price signals a value-add or repositioning play by the buyer.

This large-format suburban office complex in the Elmwood corridor — Jefferson Parish's primary hub for corporate and professional office space — traded at $110 per square foot, a figure consistent with the area's institutional-quality suburban office inventory. This was the largest Jefferson Parish office sale of the year.

A nearly 100,000-square-foot office building on the Veterans Boulevard corridor in Metairie — the busiest suburban office market in Jefferson Parish. The $96 per square foot price point is competitive for a building of this scale in Metairie and reflects the active market for mid-market suburban office product.

This medical office sale demonstrates the significant pricing premium that specialized medical properties command over general office stock. At $272 per square foot, the Utica Street property traded at nearly double the metro-wide median — consistent with the strong demand for medical office buildings with established patient traffic and specialized infrastructure.

Source: ELIFIN transaction database, 2025 disclosed sales.

Together, these four transactions span the full spectrum of the metro's office market: a CBD high-rise repositioning, a suburban office campus, a Metairie corridor workhorse, and a medical office niche play. For a comprehensive breakdown of all 2025 office activity, see ELIFIN's 2025 New Orleans Metro Commercial Real Estate Year in Review.

ELIFIN's Approach to Office Property Sales

The Block System. ELIFIN divides every commercial corridor in the New Orleans metro into geographic "Blocks." Each Block is assigned to a specialized agent who knows every property, every owner, and every recent transaction in that territory. When you work with ELIFIN on an office deal in Metairie, the CBD, or anywhere in Jefferson Parish, your agent has direct knowledge of the surrounding market — not a surface-level CMA pulled from a listing portal.

The Database. With 59,000+ commercial properties tracked, 41,000+ property owner contacts, and 5.4 million logged CRM activities, ELIFIN's platform captures opportunities before they reach the open market. Across Orleans and Jefferson parishes alone, we track more than 2,000 office properties — giving our clients access to off-market inventory and comparable sales data that other brokerages simply cannot match.

Metro-Wide Reach. The New Orleans office market does not exist in a vacuum. Buyers evaluating a Veterans Boulevard office building in Metairie are often comparing it against CBD options in Orleans Parish, and vice versa. Our agents cover the entire New Orleans metro — plus Baton Rouge and Lafayette — giving sellers access to the widest possible buyer pool and giving buyers accurate cross-market comparisons. Browse current listings or contact our team to discuss your next transaction.

Know what your property is worth. If you own an office building in the New Orleans metro and want to understand its current market value, ELIFIN offers a free, no-obligation property valuation backed by our proprietary transaction database. With comprehensive office sale data spanning both Orleans and Jefferson parishes, our valuations are grounded in real comparable sales — not generic algorithms. Request a valuation to get started.

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