NEWS

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2Q 2020 Office Report Shows Most Changes are not Pandemic Related

Corporate Realty announces the 2nd Quarter 2020 Office Leasing Report prepared by Bruce Sossaman, SIOR, Leasing Director of Lakeway Center and Corporate Realty broker associate, is now available.

 

Overall, the office market was flat for the second quarter with most of the changes in the market year to date not coronavirus related. In the Central Business District, occupancy in the Class A and B market decreased by approximately one-half percent.  The biggest change in the CBD market was an increase in amount of sublease space being marketed due to GE closing its office at Place St. Charles, which resulted in 60,000 square feet.  Metairie had a small decrease in occupancy, while Kenner/West Metairie and Elmwood had a small increase. 

 

To download the full report, visit here.

 

To learn more about the New Orleans CBD and Metairie office markets, you may view all our market reports here.