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Corporate Realty Presents its 2013 Greater New Orleans Office Market Report

Corporate Realty, Inc. presents its second annual Greater New Orleans Office Market Report as a resource for our agents as well as tenants, landlords, developers, lenders, our fellow brokers along with anyone else looking for information about the Greater New Orleans office market. This report contains statistical information about the Greater New Orleans office market at the end of 2013 and is intended to give the reader a broad understanding of the market as well as specific information about occupancy and rental rates of each building.

 

Listed in this report is every non-medical office building greater than 20,000 square feet in the Greater New Orleans region. In the 2012 report, the region was divided into the following submarkets: Orleans Parish Central Business District; East Metairie; Elmwood; West Metairie; St. Charles Parish to the west of the airport; and the West Bank of the Mississippi River including both Orleans and Jefferson Parish properties. This year, we expanded our list of submarkets to also include the North Shore and Orleans Parish properties outside of the Central Business District.

 

We also have included historical comparable data for the general market and each of the submarkets that were previously included. In the narratives of each submarket, we mention the changes in the inventory of office buildings including the changes in building names as well as additions and subtractions to the market that occur as buildings are developed or redeveloped into apartments or hotels. As we continue to publish these reports, we are looking forward to further analyzing the historical trends of the market.

 

You can download the full report using this link.

 

 

Office Report Cover

 

 

In addition to this annual office report, Corporate Realty is now publishing quarterly reports compiled by Bruce Sossaman, Corporate Realty’s Director of Leasing for Lakeway Center. These reports present a more immediate snapshot of what is happening in the market and can be found on our website: corp-realty.com.

 

The information in this 2013 report would not be possible without the cooperation of our staff and colleagues, and we would like to thank all of those who contributed. This is the result of a collaborative effort. Please contact us if you have any questions or would like more information about the Greater New Orleans Office Market.

 

You can download the 2012 report using this link.

2 Responses

  • New Orleans Office Market Remains Steady – GNO Real Estate News – GNO Real Estate News

    […] Realty recently published their second annual Greater New Orleans Office Market Report which contains statistical information about the Greater New Orleans office market at the end of […]

  • Bruce Sossaman Reports on State of New Orleans Office Market at UNO Conference | Corporate Realty

    […] Bruce said that the occupancy rate in the CBD’s top-tier or Class A office space rose to 89 percent in 2013, up from 87 percent in 2012. He attributed the boost to the growing attractiveness of the downtown area as a place to live and play. To learn more about the New Orleans market, read Bruce’s report here, or download our 2013 Greater New Orleans Office Market Report here. […]