Skysoar Capital Partners Buys One Canal Place
New Orleans News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Skysoar Capital Partners acquires One Canal Place, a prime office tower in New Orleans, marking a significant investment in the citys office market post-pandemic. Corporate Realty takes over management and leasing, with upgrades planned. The acquisition signals confidence in the Canal Street area, with office occupancy at 88% and rents at $25 per square foot, half of Miamis average. Despite Saks Fifth Avenue leaving the attached mall, the district aims to fill the vacancy promptly, indicating a robust and resilient downtown economy.
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