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.
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.