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    701 Poydras St New Orleans, LA 70139

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    For Lease
    Contact for pricing

    Iconic Downtown Office Tower, Suites Available

    Lot size:
    1,256,971 SF

    Property Features for 701 Poydras St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,256,971 SF
    Class
    A
    Total Rate
    2042577.88

    Building Details

    Year Built/Renovated
    1972/2015
    Buildings
    2
    Stories
    51

    Spaces For Lease

    at 701 Poydras St, New Orleans, LA 70139 Contact us
    Unit Suite 136

    $19 /Mo

    Size
    292 SF
    Contact us
    Unit Suite 160P

    $19 /Mo

    Size
    1,795 SF
    Contact us
    Unit Suite 165P

    $19 /Mo

    Size
    926 SF
    Contact us
    Unit Suite 170P

    $19 /Mo

    Size
    1,772 SF
    Contact us
    Unit Suite 300

    $19 /Mo

    Size
    5,039 SF
    Contact us
    Unit Suite 375

    $19 /Mo

    Size
    1,613 SF
    Contact us
    Unit Suite 385

    $19 /Mo

    Size
    757 SF
    Contact us
    Unit Suite 450

    $19 /Mo

    Size
    2,659 SF
    Contact us
    Unit Suite 455

    $19 /Mo

    Size
    1,979 SF
    Contact us
    Unit Suite 500

    $19 /Mo

    Size
    23,009 SF
    Contact us
    Unit Suite 700

    $19 /Mo

    Size
    23,009 SF
    Contact us
    Unit Suite 800

    $19 /Mo

    Size
    23,009 SF
    Contact us
    Unit Suite 900

    $19 /Mo

    Size
    23,009 SF
    Contact us
    Unit Suite 1000

    $19 /Mo

    Size
    23,009 SF
    Contact us
    Unit Suite 1100

    $19 /Mo

    Size
    23,009 SF
    Contact us
    Unit Suite 1200

    $19 /Mo

    Size
    23,009 SF
    Contact us
    Unit Suite 3520

    $19 /Mo

    Size
    3,243 SF
    Contact us
    Unit Suite 3530

    $19 /Mo

    Size
    467 SF
    Contact us
    Unit Suite 3540

    $19 /Mo

    Size
    592 SF
    Contact us
    Unit Suite 3650

    $19 /Mo

    Size
    4,133 SF
    Contact us
    Unit Suite 3670

    $19 /Mo

    Size
    3,683 SF
    Contact us
    Unit Suite 4130

    $19 /Mo

    Size
    2,654 SF
    Contact us
    Unit Suite 4200

    $19 /Mo

    Size
    11,523 SF
    Contact us
    Unit Suite 4790

    $19 /Mo

    Size
    379 SF
    Contact us
    Unit Annex Suite 101

    $19 /Mo

    Size
    3,196 SF
    Contact us
    Unit Annex Suite 109

    $19 /Mo

    Size
    1,717 SF
    Contact us
    Unit Annex Suite 113

    $19 /Mo

    Size
    1,507 SF
    Contact us
    Unit Annex Suite 250

    $19 /Mo

    Size
    2,863 SF
    Contact us
    Unit Annex Suite 350

    $19 /Mo

    Size
    128 SF
    Contact us
    Unit Annex Suite 385

    $19 /Mo

    Size
    1,489 SF
    Contact us
    Unit Suite 126

    $19 /Mo

    Size
    532 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Scott Graf
    Scott Graf

    Listing Agency: Corporate Realty Listing Agent: Scott Graf

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Hancock Whitney Center, a prominent Class A office building in New Orleans' Central Business District, offers exceptional office suites for lease. This iconic 51-story, 1,256,971 square foot tower, constructed in 1972 and renovated in 2015, is the tallest skyscraper in Louisiana. The property consists of two buildings and provides breathtaking city views. Its prime location on 701 Poydras St, near St. Charles Ave, in Orleans Parish, places it within walking distance of federal courts, hotels, restaurants, and the French Quarter. Tenancy is multiple, catering to a variety of business needs. Security is a top priority, with 24/7 staffed security and key card access. A wide array of amenities are available on the Concourse level, including a sundry shop, copy center, dry cleaner, jewelers, food vendors, coffee shop, bank, ATM, optometrist, and medical clinic. For fitness enthusiasts, Ochsner's Downtown Fitness Center is conveniently located on the 13th floor annex. This property offers a unique blend of modern convenience and historical significance in the heart of New Orleans' vibrant business district. The building's creative and traditional office spaces are designed to accommodate diverse business requirements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dril-Quip Inc Industrial Manufacturer Adams & Reese LLC: ... Law Firm Jones Lawrence B Law Firm Adams & Reese LLC: ... Law Firm Blake Jones Law ... Law Firm

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0713499
    Latitude
    29.9503038

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      St. Charles Avenue Office Space

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    FAQs

    What type of property is this?
    Office units - Iconic Downtown Office Tower, Suites Available
    Where is this office units located?
    The property is located at 701 Poydras St New Orleans, LA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Panoramic city views.; Prime CBD location with easy access to amenities.; State-of-the-art security systems.
    (504) 566-1777 Call to check price and availability
    Request Owner's contact information
    701 Poydras St New Orleans, LA 70139
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    New Orleans, LA 70139
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 Poydras St New Orleans, LA 70139
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    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Graf
    Scott Graf
    Real Estate License ID: 0995686372
    (504) 566-1777 (504) 233-2108 (504) 581-5005
    Learn more
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