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New Orleans, alongside the Downtown Development District, has unveiled a robust plan for the future of Canal Street
Published 1 month, 1 week ago
Description
René Pastorek, Chief Economic Development Officer at the Downtown Development District of New Orleans, joins Newell to discuss the latest in downtown, including the area posting a solid Q2 2026 gains: visitation rose 5.6% to 9.8 million visits, and the development pipeline held at roughly $1.1 billion across 26 active projects, including Tulane's takeover of the Charity Hospital redevelopment. Office vacancy stayed flat at 12.1%, and residential rents rose 1.9% to $1,966/month, while retail was the soft spot, with vacancy climbing from 6.6% to 7.9% despite higher asking rents.