Overstuffed N.O. office space at 12-year tenant high.

The article reports on the result of the 2007 occupancy evaluation for Central Business District (CBD) in New Orleans, Louisiana. According to the 2007 market analysis from Equity Office Properties Trust, more than 1.5 million square feet of office leased space is destroyed after hurricane Katrina occurred. It describes that the high occupancy and absorption rates contribute to the stability of office market in the country.