NOLA #2 in USA for Industrial Real Estate Sales Growth

According to the real estate data company CoStar, Greater New Orleans was #2 in America for growth in real estate sales in 2018.

Last year, “more than 5% of the metro’s inventory traded hands” for the first time in the decade following the recession, according to CoStar’s New Orleans market report. “Planned redevelopment of the former Avondale Shipyard could kick the city’s industrial market into high gear. Its sale to a joint venture last October for $60 million was the largest industrial deal in the past year.”

Top 10 Cities for Industrial Real Estate Sales Growth

1. Austin, TX – 115%
2. New Orleans, LA – 89.1%
3. Cincinnati, OH – 84.1%
4. Norfolk, VA – 83.6%
5. Seattle, WA – 80.8%
6. Fort Lauderdale, FL – 77.7%
7. Richmond, VA – 68.8%
8. Portland, OR – 63.2%
9. Honolulu, HI – 62.9%
10. Kansas City, MO – 59.7%

You can read more about CoStar here.