NEWS

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Corporate Realty Publishes Office Leasing Report for 1st Quarter of 2017

Corporate Realty is proud to publish this 1st Quarter 2017 Office Leasing Report prepared by Bruce Sossaman, Leasing Director of the Lakeway Center and Broker Associate.

Bruce reports that the Greater New Orleans office market in the 1st Quarter 2017 saw a slight decrease in occupancy. The only positive absorption in the market was in the CBD Non-Class A submarket (11,000 sf).   All other submarkets in the area were either flat or saw a decrease in occupancy, with the CBD class A submarket showing the largest decrease of 76,000 sf in the 1st quarter.  The overall occupancy in office market at the end of the 1st quarter was 88%.

 

To learn more about the New Orleans CBD and Metairie office markets, download this report, as well as our historical market reports, on our reports page.