Louisiana State Local Information
The main agricultural output for Louisiana is Seafood but Tourism and culture are very important as well generating $5.2 billion per year in revenue. The principal areas of commercial real estate are Metairie and New Orleans. The Metairie office market headline rental rate is around $20 per sq ft for class A space, with New Orleans posting nearer $15. Some of the premier office locations in Metairie are The Galleria, Heritage Plaza and the three Lakeway Center buildings. The central business district in New Orleans has close to 10 million square feet of office space and traditionally benefits from a high occupancy level.
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