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Opportunity Appears Ripe To Renovate Aging New Orleans Office Stock

Only 10 Million Square Feet Renovated Since 2000

The Hancock Whitney Center at 701 Poydras St. was one of several prominent New Orleans office properties that completed successful renovations in 2015, the high-water mark for office renovations was in the city. (CoStar)
The Hancock Whitney Center at 701 Poydras St. was one of several prominent New Orleans office properties that completed successful renovations in 2015, the high-water mark for office renovations was in the city. (CoStar)

The 1970s and 1980s were the two most active decades for building office space in New Orleans. More than 32 million square feet of new office space was added to the Crescent City during that span, equivalent to about 41% of the entire existing office stock in the metropolitan area today.

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