Property One, Inc.

06/10/2026

5,000 SF Isn't Always 5,000 SF

CRE 101: What is the Difference Between Rentable Square Feet and Usable Square Feet?

When evaluating office space, one of the most overlooked details is the difference between Rentable Square Feet (RSF) and Usable Square Feet (USF).

Usable Square Feet is the space your business actually occupies and uses exclusively, such as offices, conference rooms, break rooms, and workstations.

Rentable Square Feet includes your usable space plus a portion of the building's common areas, such as lobbies, hallways, restrooms, and shared amenities.

For example:
A tenant may lease 5,000 RSF but only have 4,300 USF of actual usable space. The difference is known as the building's "load factor."

Why it matters:
Two office spaces may appear to be the same size on paper, but one building could have a higher load factor, meaning you're paying rent on more shared space and receiving less usable area for your business.

Before comparing lease options, it's important to understand how much space you'll actually be able to use—not just the rentable square footage listed in the brochure.

Have you ever toured a space that felt smaller than the square footage suggested?

Have questions about CRE? Jack Gordon is happy to help. Reach out directly!

06/02/2026

Meghan Reed — CRE 101: What really makes an office building Class A?

Not all office buildings are created equal—and “Class A” means more than just a nicer lobby.

We asked Meghan:
“What really makes an office building Class A?”

Here’s what she had to say:
✔️ Location Matters — Class A buildings are often positioned in highly desirable business districts with strong accessibility, visibility, and surrounding amenities.
✔️ Quality of Construction — Newer construction, superior materials, updated systems, and modern infrastructure often separate Class A from lower-tier assets.
✔️ Amenities & Tenant Experience — Features like structured parking, security, professional management, fitness centers, conference facilities, and upgraded common areas can significantly elevate classification.
✔️ Institutional Ownership & Management — Consistent maintenance, proactive capital improvements, and professional operations often play a major role.
✔️ Market Perception — Building class is also influenced by how a property compares to competing assets in its specific market—not just age alone.

But here’s the key:
Building class isn’t universal.

A Class A building in one market may differ from another depending on location, inventory, and tenant expectations.

Why it matters:
Classification can directly impact lease rates, tenant attraction, operating expenses, and long-term investment value.

For tenants, understanding building class helps align workplace image, functionality, and budget.

For owners, it shapes positioning, competitiveness, and asset strategy.

With experience spanning brokerage, development, and property management, Meghan understands that successful office decisions aren’t just about square footage—they’re about how a building performs, competes, and supports long-term goals.

The right office space isn’t simply about price—it’s about value, experience, and strategy.

Have questions about office leasing, property management, or development? Meghan Reed is happy to help. Reach out directly!

05/28/2026

Yesterday, the Property Management team at Property One, Inc. came together for our annual training day. It was a valuable opportunity to sharpen our skills, strengthen partnerships, and spend time together as a team. We were honored to welcome Deputy Chief Nick Heinen from the Louisiana Office of State Fire Marshal, who delivered an informative presentation focused on fire prevention, inspections, and best practices that help keep our properties and residents safe.

The training also included our annual hurricane preparedness refresher and hands-on property inspection exercises. To make things more interactive, Kevin added a fun challenge by “booby trapping” the inspection course with hidden issues for the team to identify — keeping everyone engaged and on their toes.

To close out the day, the team enjoyed an afternoon aboard the historic Natchez Steamboat Mississippi River Cruise. Cruising the river on the NATCHEZ is a true New Orleans experience. Complete with live jazz, beautiful riverfront views, and classic Creole hospitality.

A special thank you as well to our vendor partners Bart's Office, Inc., BELFOR Property Restoration, ENFRA Solutions, and Hiller Fire Protection for taking the time to share their expertise and support our team throughout the day.

05/26/2026

OFF MARKET | CLOSED 📍 3233 Magazine Street, New Orleans

Property One, Inc. is pleased to announce the successful sale of the Breaux Mart property on Magazine Street — a true trophy asset in one of New Orleans’ most vibrant and iconic retail corridors.

Hayden Ingram and Camden St. Romain represented the buyer in the acquisition and coordinated the transaction for both parties to ensure a smooth closing process.

Importantly, Breaux Mart will remain in place and continue serving the Uptown community from this iconic Magazine Street location.

Congratulations to the buyer and seller on a successful transaction!

05/21/2026

CRE 101 with David da Cunha - Property One - CRE Services.

“What is absorption rate, and why should tenants, landlords, and investors care?

When evaluating office or retail markets, vacancy rates only tell part of the story.

Here’s what he had to say:
✔️ Measures Market Momentum — Absorption tracks how much space is being occupied versus vacated over time.
✔️ Helps Forecast Demand — Positive absorption may signal strengthening market conditions.
✔️ Supports Pricing Strategy — Landlords often use absorption trends to guide lease rates and concessions.
✔️ Assists Tenants with Timing — Understanding market direction can improve negotiating leverage.
✔️ Informs Investment Decisions — For buyers, absorption can reveal whether an asset class or submarket is expanding or softening.

A building may look attractive today—but market trajectory often determines tomorrow’s value.

With decades of experience in office, retail, and investment brokerage across Southeast Louisiana, David helps clients understand not just the property—but the broader market forces shaping their decisions.

Good real estate strategy starts with good market intelligence.

Have CRE questions? David da Cunha is happy to help. Reach out directly!

05/06/2026

ASK A BROKER | CRE 101: Warren Surcouf III, CCIM, MBA

Topic: What is a Letter of Intent (LOI) and why does it matter?
Before most commercial real estate deals become binding leases or purchase agreements, they usually start with something much simpler: the Letter of Intent (LOI).

We asked Warren:
“What is an LOI, and why is it so important in commercial real estate?”

Here’s what he had to say:
✔️ It Sets the Framework – An LOI outlines the major business terms before legal documents are drafted.
✔️ It Saves Time & Legal Costs – Negotiating key deal points early can prevent expensive revisions later.
✔️ It Clarifies Expectations – Rent, lease term, TI allowance, renewal options, contingencies, and timelines often start here.
✔️ It Identifies Deal Breakers Early – Before either side invests heavily, the LOI helps surface major concerns.
✔️ It’s Usually Non-Binding (But Important) – While not typically the final contract, it often shapes everything that follows.

In many cases, the strength of a deal isn’t determined when the lease is signed—it’s determined much earlier, when the structure is first negotiated.

A well-crafted LOI can protect your leverage, reduce surprises, and create a smoother path to closing.

With experience spanning brokerage, finance, operations, and commercial transactions, Warren understands that strong deals begin with strong structure.

Before you sign anything, make sure the framework works for you.

Have questions about CRE, leasing, or deal strategy? Warren Surcouf III, CCIM, MBA is happy to help. Reach out directly!

04/28/2026

CRE 101 / Ask a Broker with Camden St. Romain

Topic: Why Tenant Mix Matters in Retail Real Estate

When evaluating retail space, rent and location are important—but they’re only part of the equation.

We asked Camden:

“How important is tenant mix when choosing a retail location?”

Here’s what he had to say:
✔️ Co-Tenancy Matters – The businesses around you can directly impact traffic, customer behavior, and brand perception.
✔️ Complementary Uses Drive Sales – Strong neighboring tenants can create repeat visits and cross-shopping opportunities.
✔️ Visibility Isn’t Everything – A great corner location can still underperform if the surrounding center lacks synergy.
✔️ Anchor Tenants Influence Stability – Grocery stores, national brands, or high-traffic users often help sustain long-term customer flow.
✔️ Know Your Customer Base – The best retail locations align not just with demographics—but with consumer habits and surrounding business patterns.

In retail real estate, success often comes down to more than “where.” It’s also about “who’s next to you.”

A smart site selection strategy looks beyond square footage and rental rates—it evaluates the full ecosystem around your business.

With experience in retail brokerage, investment sales, and land transactions across the Gulf South, Camden helps retailers and investors identify opportunities that support both immediate performance and long-term growth.

The right location doesn’t just fit your business—it strengthens it.

Have questions about retail site selection, leasing, or investment strategy? Reach out to Camden directly!

04/24/2026

Property One, Inc. is proud to support a great cause right here in our community.

The 4th Annual Christian Tullis Memorial Beach Volleyball Tournament is set for June 13, 2026 at Coconut Beach Volleyball Complex—and we’re honored to be part of it as a Net Sponsor.

This event is more than just a great day on the sand—it supports the Christian Tullis Memorial Scholarship Foundation and continues to make a meaningful impact for students and families.

It’s inspiring to see the way this foundation brings people together through events like this and their annual basketball tournament, all in honor of Christian’s legacy.

We’re grateful to support and can’t wait for a great event!

We want to thank Property One for being a Net Sponsor for the 4th Annual Christian Tullis Memorial Foundation Beach Volleyball Tournament. We give thanks to our family, friends, and their local businesses for supporting Christian’s Scholarship Foundation. Check them out on Facebook at Property One, Inc.!
❤️7️⃣

04/23/2026

ASK A BROKER

CRE 101: with Hayden Ingram

In today’s market, finding space isn’t the hard part—finding the right space is.

One of the most common questions we get from business owners across Louisiana is:
“Should I lease or buy my next facility?”

The answer depends less on the market—and more on your business strategy.

For industrial users especially, flexibility matters. If your operation is scaling, evolving, or dependent on logistics shifts, leasing can preserve capital and keep you nimble. On the other hand, if your footprint is stable and long-term, ownership can create equity and lock in occupancy costs over time.

Medical users face a different equation. Patient accessibility, buildout costs, and long-term location stability often make ownership—or at least long-term control—more attractive.

What we’re seeing across the Greater New Orleans market is a growing need for alignment between real estate decisions and operational goals. The businesses that get this right aren’t just securing space—they’re positioning themselves for growth.

The real question isn’t “What’s available?”

It’s “What actually supports where your business is going?”

That’s where a good broker adds value—bringing market insight, negotiation strategy, and ex*****on together to help clients make decisions that hold up long after the deal is done.

04/22/2026

Today, our leadership team at Property One, Inc. had the pleasure of celebrating the incredible admins who keep everything running smoothly behind the scenes. We enjoyed a great lunch together at Hummus and More and took a moment to recognize the impact this team makes every single day.

Your dedication, organization, and hard work do not go unnoticed—we truly appreciate all that you do.