Marketing a property is more than just erecting a sign, listing the property online, and waiting. Property One’s professionals tailor a specific marketing plan for your property using modern software to target specific tenants. Our experience and ability in market definition, canvassing, referral systems and co-broker efforts means that every available prospect will be made aware of your product. We handle all phases of negotiation until lease execution, treating your property as if it were our own.
This Class B 400,000 square foot office tower located in the New Orleans CBD was purchased in a distressed condition. With only 30% occupancy and a problematic tenant mix, the new owners faced the daunting task of leasing space in a relatively stagnant market.
Property One was hired based on the strength of its leasing plan, which positioned the building properly in the market against the competition, yet still offered lease terms that were profitable to the owner. In two years, Property One’s aggressive leasing campaign caused occupancy at the building to more than double to 65%, while the occupancy rates for other downtown buildings remained flat.
Place St. Charles
New Orleans, LA
The second largest Class A office property in Louisiana, Place St. Charles, was experiencing an occupancy rate below 65% when Toronto Dominion Bank foreclosed. Property One was hired as the leasing and marketing specialist and increased occupancy to 92% within 24 months. During that time, Property One also consummated the largest lease in Louisiana; the 230,000 square feet headquarters location of First National Bank of Commerce (now JP Morgan Chase).