News

Market Report – New Orleans, LA – May 2024

Overall Dollar Volume is up 0.83% The trailing 12 month total dollar volume of sales was $757.2M at the end of May 2024 vs. $751.0M at the end of the prior month. Overall Deal Velocity is down 4.19% The trailing 12 month sale count was 480 at the end of May 2024 vs. 501 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-New-Orleans-LA-May-2024.pdf" attachment_id="11834"...

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Market Report – Baton Rouge, LA – May 2024

Overall Dollar Volume is down 7.41% The trailing 12 month total dollar volume of sales was $505.3M at the end of May 2024 vs. $545.8M at the end of the prior month. Overall Deal Velocity is down 3.78% The trailing 12 month sale count was 382 at the end of May 2024 vs. 397 at the end of the prior month.   [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-Baton-Rouge-LA-May-2024.pdf" attachment_id="11836"...

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Market Report – Lafayette, LA – May 2024

Overall Dollar Volume is steady. The trailing 12 month total dollar volume of sales was $368.5M at the end of May 2024. Overall Deal Velocity is down 2.61% The trailing 12 month sale count was 336 at the end of May 2024 vs. 345 at the end of the prior month.   [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-Lafayette-LA-May-2024.pdf" attachment_id="11835" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...

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Why Do Commercial Real Estate Loans Have Balloon Payments?

What is a Balloon Payment? A balloon payment is a large lump sum due at the end of a loan's term, significantly larger than the regular monthly payments made during the loan period. This structure allows for lower monthly payments, making it an attractive option for many borrowers.  Commercial balloon loans usually span three to ten years or more, though monthly payments...

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Selling Your Commercial Property: Tenant Occupied vs. Vacant

Commercial property owners and investors often find themselves weighing the decision to sell their rental properties. Evaluating your portfolio during shifting market conditions is important to maximize returns on your investments. But one question that comes up frequently during this process is whether to sell your property while it’s tenant occupied, or wait until it's vacant. Selling Occupied Properties Selling a property...

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What Commercial Real Estate Makes the Most Money?

Commercial Real Estate is a broad industry that covers a lot of asset classes and property types. Many people are interested in knowing what commercial properties are the most profitable. Understanding the reasons why certain sectors perform higher than others can help support your success in an ever-fluctuating market. Here are some of the property types that perform well and...

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How to Determine Current Market Lease Rates Per Square Foot in Commercial Real Estate

Understanding the market lease rates allows both landlords and tenants to make well-informed decisions when it comes to leasing commercial properties in your market. On the subreddit r/CommercialRealEstate, users discussed the best approach to determining these numbers.  Here are some of the tools and methods to get the numbers right. Engage with Brokers for Insider Knowledge One of the most reliable ways...

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The Pulse LFT: Former KFC property sells on Ambassador Caffery

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 3328 Ambassador Caffery Pkwy, Lafayette, LA 70506 Type: Retail Price: $1,150,000 ($547.62 / SF) Buyer: 3328 AMBASSADOR CAFFERY LLC Elifin's Notes: The KFC fast food retail property sells near the intersection of Ambassador Caffery Parkway & Johnston Street 1207 N University Ave, Lafayette, LA 70506 Type: Office Price: $460,000 ($139.39 / SF) Buyer: DUPONT...

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The Pulse NOLA: City of NOLA purchases industrial property for 7mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 10500 Hayne Blvd, New Orleans, LA 70127 Type: Multifamily Price: $9,325,000 ($70,644 / Unit) Buyer: Haltere Fund VI, LLC Elifin's Notes: The Haltere Group, a California-based investment firm, purchases the Arbors on the Lake apartment complex 3035 Earhart Blvd, New Orleans, LA 70125 Type: Industrial Price: $7,000,000 ($143.78 / SF) Buyer: CITY OF...

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The Pulse CBUS: Nationwide Children’s Hospital buys land along Stringtown Rd

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 4650 Lakehurst Ct, Columbus, OH 43016 Type: Office Price: $7,500,000 ($45.55 / SF) Buyer: HEART OF OHIO CLASSICAL ACADEMY FOUNDATION Elifin's Notes: An office building changes hands in Dublin on Lakehurst Court 745 N Waggoner Rd, Blacklick, OH 43004 Type: Specialty Price: $6,300,000 ($201.87 / SF) Buyer: THE SOLOMON FOUNDATION Elifin's Notes: The Eastpointe Christian...

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