NEWS

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3Q 2020 Office Market Report Now Available

Corporate Realty announces the 3rd Quarter 2020 Office Leasing Report prepared by Bruce Sossaman, SIOR, Leasing Director of Lakeway Center and Corporate Realty broker associate, is now available.

 

For third quarter, the Elmwood office market was the only office market in the greater New Orleans area that showed positive absorption. In the Central Business District, Class A and B occupancy was 85%, with a slight negative absorption of 45,000 sf. In Metairie,  Class A and B occupancy was 89%, with a slight negative absorption of 30,000 sf. COVID-19 contributed to some of the negative absorption in the market

 

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.