Commercial Sales Report – June 2022

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  • The commercial real estate market is again on pace to break the $1 billion mark in transaction volume for 2022.
  • After the first 6 months of 2022, there have been 280 transactions totaling $614.1mm in transaction volume.
  • Multifamily continues to experience the highest transaction volume at $302.8mm, accounting for 49.3% of the total.
  • The number of Land transactions are down 1.95% compared to 7-year averages and are trading at a historically consistent $9.12 per square foot.
  • The sector with the highest number of sale transactions is Retail at 64 and is trading at an 8-year high of $288.28 per square foot.
ELIFIN®
Elifin Realty
marketing@elifinrealty.com
2 Comments
  • Avatar
    Heather Trinh
    Posted at 13:16h, 01 August Reply

    Hi to clarify, are these sales reports specific to the Baton Rouge area? Or national averages?

    • ELIFIN®
      ELIFIN®
      Posted at 13:36h, 01 August Reply

      Hi Heather. These reports are specific to East Baton Rouge Parish. There is some additional criteria at the bottom of each page of the report.

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