re: 123 yr old Reilly Foods Company moving from NOLA CBD to Elmwood

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They are. They've owned this company for over 100 years. Everyone knows about the local connection and products, but they are always buying new companies. They own Swan's Down cake flour and hundreds of brands that no one knows about.

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I personally know a couple... the ones I know not from New Orleans though they from outside of Bastrop(Collinston)... one of them owned the old arcade on Desiard across from the college

They are not bailing on that Office. Read the article.

My apologies clicked the wrong reply.

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That's a nice building. A company I worked for use to have their corporate HQ in there before the mass exodus to Houston. I'd like to know when these a-hole Democrats in power will realize their cities are going to shite because of their policies.

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Have you seen Houston politicians in recent years? Not exactly good.

It's not just issues in the CBD.

That's a real problem no doubt. But the larger macro trend that's happening here is that fewer people are going into the office on any given day since the pandemic. Many companies with large office spaces are not going to renew leases for as much space, and they may even consider relocating to smaller, more affordable office space that's closer to where their employees live.

And yeah, that's going to be an even bigger problem in places where there is a crime problem or if there are fewer amenities that make downtowns less attractive than they used to be. Rates will have to go down there to keep people in the building, and that may not be enough if many of the restaurants and retailers nearby have closed down since the pandemic.

New Orleans is lucky because most Louisiana cities were not subject to rampant speculative office construction in the 1990s and 2000's. So the office space is a little closer to "right sized" for the market, and issues with occupancy can be more easily managed.