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
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