07/20/2026
Downtown New Orleans maintained positive momentum throughout the second quarter of 2026, with visitation climbing to 9.8 million visits—a 5.6% increase over the same period last year—continuing to fuel the tourism and hospitality economy.
The office market remained stable with steady leasing activity, while the residential market showed continued strength as rents increased and occupancy held firm, reflecting sustained demand for Downtown living.
Investment also remained robust, with 26 active development projects representing approximately $1.1 billion in construction, planning, and entitlement activity. Major announcements, including Tulane University's redevelopment of the former Charity Hospital, the opening of The Shop SOMA, and continued technology sector expansion, underscore growing confidence in Downtown's future.
While retail vacancy increased modestly during the quarter, overall economic indicators point to a Downtown that continues to attract investment, residents, businesses, and visitors.
Learn More: https://issuu.com/downtownnola/docs/q2_2026_downtown_new_orleans_market_snapshot