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This Class A building located at 440 Third Street was owned and occupied by Capital One Bank Operations Center for over fifty years. Capital One has recently relocated, clearing the way for the development of a marquis mixed use building in the heart of downtown Baton Rouge. Located on the north end of Third Street, “440 on Third” is undergoing a complete renovation and will contain a new Matherne’s grocery store on the bottom floor. The upper floors will be a combination of sixty-five apartments and professional office space. Most office floors contain a mix of exterior offices and open space, but they can be built-out to tenant’s specifications. Tenant improvement allowances are available, and non load-bearing walls allow tenants to easily modify existing floor plans. With lower-than-market rental rates, full service leases, and adaptable floor plans, this building is suitable for any type of professional trade. Spaces will be available to move-in January 1, 2015. Contact Agent for additional details or a property tour.
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On average, listings lease in the $20's per square foot per year. The Downtown Baton Rouge region is seeing a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 47% decline in rent.
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