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Retail competition is tightening in Baton Rouge.
In a new article from the Baton Rouge Business Report, Will Chadwick outlines some of the key drivers:
• Lack of new retail construction in recent years
• High construction costs increasing rental rates
• Tenants requesting larger TI allowances due to rising build-out costs
• Interest from out-of-state investors seeking higher returns
• Regional factors like elevated insurance costs affecting deals
“The majority are still Louisiana and Texas buyers, but there is certainly interest from out of state buyers looking to enter our market.” Chadwick clarified.
Read the full article here: https://www.businessreport.com/realestate/tight-supply-demand-drive-competition-for-prime-spaces-in-area-retail-market
To discuss retail leasing or investment opportunities, contact Will Chadwick at 318-510-8161.
07/27/2020
This is a short read, but we believe this is a very poignant and applicable message for commercial real estate! National trends are important and MUST be considered, but local trends can be far more telling. For instance - retail (as a whole, on the national scene) is struggling, while industrial is performing quite well. Does that mean all retail is bad and all industrial is good? Of course not... KNOW YOUR LOCAL MARKET! At JRE, we KNOW our local markets, and consider both national AND local trends when underwriting our investment properties.
If you would have any interest in investing with us, please contact us directly! Minimum investment amounts might be lower, and projected cash-on-cash returns might be higher than you would expect!
Opinion | Local Real-Estate Markets May Offer Gains Pension funds are finding that the national market for real estate is inauspicious. However, for most investors, the national market is the wrong unit and level of analysis.
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16161 Perkins Road
Baton Rouge, LA
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