1010 Common Street

Office for Lease
Catylist Listing ID: 30169049
Property Subtypes: Office Building
Contiguous Space: 1,500 - 15,271 SF
Total Available: 87,506 SF
Gross Building Area: 512,593 SF
Lease Rate: $16 PSF (Annual)
Base Monthly Rent: $14,868 - 20,361
Lease Types: Full Service
In Opportunity Zone? Yes
Last Updated: 8/19/2019

Overview / Comments

The building is undergoing an exciting redevelopment with a future mixed use of updated modern office space, two hotels, and ground floor retail. This blend of concepts will offer office tenants unmatched amenities on site and an essentially brand new office tower.

Built in 1970 by world renowned architects Skidmore, Owings & Merrill, 1010 Common St. is a 31 story high rise tower. The building is listed on the National Register of Historic Places because it was the first high rise building in New Orleans to utilize high capacity long steel piles, a new steel foundation technology that has previously been limited to offshore oil rigs and other marine structures - meaning it could support significantly taller and heavier buildings than had ever been built. The success of the 1010 Common foundation, furthermore, was the catalyst for a major revision of the New Orleans Building Code that directly impacted the future of local high rise construction. Several notable skyscrapers were built on similar foundations based on the precedent of the 1010 Common building and the revised code. Therefore, the 1010 Common buiilding was a "first" that led to a pattern of development of taller and taller buildings that transformed the city's skyline. This is important because we have no columns and can deliver a wide open floor plate if desired.

The property has an attached 14 story parking garage offering ample parking for tenants with a rare CBD ratio of 2:1000 sf. 1010 Common also features 24 hour security, on-site management, and great views of the city through floor to ceiling windows.

**Property is currently under renovation and tenant will have the ability to carve out the space needed from an entire vacant floor. BUILD TO SUIT. Very flexible floor plans. Attached floor plans are proposed designs based off of current configuration, but any modification is possible.

Please contact agent for more details. Gross lease with base year.

Expand All 6 Spaces Available

Suite: 4th Floor 15,271 SF $16 PSF (Annual) Full Service
Suite: 5th Floor 15,271 SF $16 PSF (Annual) Full Service
Suite: 6th Floor 15,271 SF $16 PSF (Annual) Full Service
Suite: 7th Floor 15,271 SF $16 PSF (Annual) Full Service
Suite: 8th Floor 15,271 SF $16 PSF (Annual) Full Service
Suite: 9th Floor 11,151 SF $16 PSF (Annual) Full Service

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,764 198,268 411,210
Median Age: 39.2 35.75 37
Households: 9,435 85,987 172,988


Photograph of Listing Agent

Scott Graf

Coldwell Banker Commercial TEC Realtors New Orleans, LA 70112
LACDB Member
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