- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Shell to move NOLA offices to River District
Posted on 9/15/23 at 12:58 pm to GeorgeReymond
Posted on 9/15/23 at 12:58 pm to GeorgeReymond
Is that waterfront park where part of the port is located right now ?
Posted on 9/15/23 at 11:22 pm to Play_Neck
Fox 8: "Real Estate Experts call move of two big businesses a devastating blow to the CBD"
Commercial real estate experts said two major companies in New Orleans moving out of the tallest building in the state would be a devastating blow to the CBD.
“It’s just hard to see the buildings be so empty and all the large corporations and businesses pulling out. It’s not helping everyone that’s staying,” said Paul Tufaro, owner of Empire State Delicatessen.
Paul Tufaro said his saving grace is delivery through third-party apps.
“Things have been on the steady decline since the pandemic starting since everything’s been moving to remote. It’s been one of those situations where we’re seeing a lot more businesses go than arrive, so it is causing a strain on small businesses down this way,” Tufaro said.
Real Estate Analyst Arthur Sterbcow said he doesn’t foresee any large businesses of the same size move into the region.
“Anything’s possible. But we have not been really attractive. Unfortunately, our tax laws are not as competitive,” Sterbcow said.
Sterbcow said it’ll impact property value for surrounding landlords.
He said there are many reasons people are moving out of downtown.
They need more or less space, a different floorplan, cost plays a big roll and so does crime.
Sterbcow told Fox 8 no matter where companies go, they’re faced with already high and rising commercial insurance rates.
“Just scratching their heads that they’re absolutely having a real tough time getting renewals on their, on their office, and retail spaces,” Sterbcow said.
Commercial real estate experts said two major companies in New Orleans moving out of the tallest building in the state would be a devastating blow to the CBD.
“It’s just hard to see the buildings be so empty and all the large corporations and businesses pulling out. It’s not helping everyone that’s staying,” said Paul Tufaro, owner of Empire State Delicatessen.
Paul Tufaro said his saving grace is delivery through third-party apps.
“Things have been on the steady decline since the pandemic starting since everything’s been moving to remote. It’s been one of those situations where we’re seeing a lot more businesses go than arrive, so it is causing a strain on small businesses down this way,” Tufaro said.
Real Estate Analyst Arthur Sterbcow said he doesn’t foresee any large businesses of the same size move into the region.
“Anything’s possible. But we have not been really attractive. Unfortunately, our tax laws are not as competitive,” Sterbcow said.
Sterbcow said it’ll impact property value for surrounding landlords.
He said there are many reasons people are moving out of downtown.
They need more or less space, a different floorplan, cost plays a big roll and so does crime.
Sterbcow told Fox 8 no matter where companies go, they’re faced with already high and rising commercial insurance rates.
“Just scratching their heads that they’re absolutely having a real tough time getting renewals on their, on their office, and retail spaces,” Sterbcow said.
This post was edited on 9/15/23 at 11:24 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News