DOWNLOAD FULL REPORT (PDF) Activity in the commercial sales market continues to increase as Q1 2021 ends. The number of overall sales transactions is up 49% over the previous 6-year average and the total $ volume is up nearly 98%. With 9 multifamily sales in March 2021, the Multifamily sector is now up 100% over previous YTD figures. Total...
The April 12, 2021 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $14.5M in disclosed volume. The headline deal: The Kronlage Family Limited Partnership, a Metairie-based investor, paid $7.29M ($94/SF) for the Sherwood South Shopping Center at the corner of South Sherwood Forest Boulevard and Old Hammond Highway. Office led the week with four of...
The April 5, 2021 issue covers fifteen commercial sales recorded across Baton Rouge the previous week, totaling $15.5M in disclosed volume. The headline deal: Engquist - River Properties LLC, a local developer, paid $5.68M ($101.51/Land SF) for vacant downtown lots at the corner of River Road and Main Street. Office led the week with five of the fifteen sales, while...
The March 29, 2021 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $3.6M in disclosed volume. The headline deal: 1900 Main St LLC, the owner of Moore Care Caregiver Services and local investors, paid $1.25M ($20/SF) for the Royal Furniture building on Main Street in Mid City. Land led the week with three of the...
DOWNLOAD FULL REPORT (PDF) Through February 2021 the total number of commercial sales and total dollar volume of commercial sales are both up 40% over the previous 6-year averages, signaling a strong start to 2021. Compared to this time in 2020, the number of commercial sales in 2021 is up 36% and the total dollar volume transacted is up 63%. ...
The March 22, 2021 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $3.22M in disclosed volume. The headline deal: Zachary Farms LLC, a local developer, paid $1.53M ($0.33/Land SF) for 105 acres on Rollins Road in Zachary. Land led the week with three of the seven sales, including 2.76 acres on Interline Avenue bought by...
The March 15, 2021 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $5.34M in disclosed volume. The headline deal: Shoe Creek Commercial LLC, a local developer, paid $1.83M ($7.66/Land SF) for two tracts in the Shoe Creek Development off Sullivan Road in Central. Land and retail each accounted for four of the ten sales, while...
The March 8, 2021 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $25.9M in disclosed volume. The headline deal: Amazon.com Services LLC paid $12.5M for the former Mervin's location and the center of the shuttered Cortana Mall, ahead of its forthcoming distribution center at the site. Retail led the week with nine of the twelve...
The March 1, 2021 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $38.6M in disclosed volume. The headline deal: Evergreen at Tuscany Villas LLC, a Florida-based investor, paid $34.5M ($75,000/unit) for the 460-unit Tuscany Villas Apartments off Siegen Lane near I-10. Land and industrial each accounted for three of the ten sales, including Walk On's...
DOWNLOAD FULL REPORT (PDF) A total of $45m was transacted in commercial sales volume in January 2021 in East Baton Rouge Parish, compared to $25.2m at this time last year–an increase of 78%. Commercial sales activity was up 48% in January 2021 compared to the average year-to-date figures over the previous 6 years. The Industrial sector saw a significant increase in activity (+223%)...
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