Jefferson Office Market Stagnant but Strong

From CityBusiness

Jefferson office market stagnant, but strong

By: Robin Shannon, Managing Editor April 8, 2016 0

Maria McClellan, an independent commercial broker who represents tenants, said many of her clients have been considering some of that “flex space” found in the Elmwood area as a conversion from warehouse to office space.
“Parking is free and single-story building rents are much lower,” McClellan said. “You can also finish out the open space how you want it.McClellan said the traditional office market in Jefferson is “saturated” and that there is very little out there. “It is definitely still a landlord’s market,” she said. “Tenants seeking leases have had to get creative.”  PJ’s Coffee New Orleans: Maria McLellan Real Estate represented the franchiser with the renewal of an existing lease incorporating new terms and conditions after performing an audit on the lease with multiple amendments dating back 20+ years.

Kindred Rehab Physical Therapy, Houma, Louisiana: Maria McLellan Real Estate worked with corporate and new employees,performed market search, identified approved site and negotiated Letter of Intent, Lease and Tenant Improvements prior to occupancy.

Read more: http://neworleanscitybusiness.com/blog/2016/04/08/jefferson-office-market-stagnant-but-strong/#ixzz48In29N55Jefferson Parish

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