14 Dec Commercial Sales Report – November 2021
Posted at 08:31h in Content, Insights, Market Report: Baton Rouge, Research, The Sales Report 0 Comments
- After 11 months, 2021 has officially exceeded each of the previous six-year highs in both number of commercial sales transactions (471) and total dollar volume transacted ($800m).
- The Multifamily sector continues to see the most significant change from 2020 with a 340% increase in transaction volume in 2021.
- Industrial sector sales have not set a record year in sales or volume, but they continue to trend above 6-year averages and have lifted the price per SF up 8.1% over 2020 ($57.19 vs. $52.88).
- As retailers experience steadily increasing revenues post pandemic shutdowns, the Retail sector’s price per SF is the highest in 6 years at $186.40 – a 9.5% increase over 2020.