News

18 Nov

Posted at 12:00h in Research, The Pulse by

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 622 Shadows Ln, Suite B Price: $250,000 ($139 / SF) Buyer: Jackson and Jolie LLC Elifin's Notes: Parker Orthodontics purchases office suite near Goodwood Blvd and Connell's Park Ln. 10646 Airline Hwy Price: $1,500,000 ($22 / SF) Buyer: ASH Brothers, LLC Elifin's Notes: Former Neese Industries headquarters sells in Gonzales, LA. 1974 Wooddale...

18 Nov

Posted at 11:51h in Insights, Office by

I have three suggestions for negotiating a lower rent for your office space:   Go with a longer term lease. Commercial property leases can range from 1 year to 10 years. For a landlord, a shorter lease means that they’ll have to put work and marketing money into finding a new tenant sooner rather than later. This may mean that a shorter term...

15 Nov

Posted at 15:02h in News, Press Releases by

DOWNLOAD PDF November 15, 2019 – Baton Rouge, LA –  Elifin Realty has announced the sale of 10646 Airline Hwy in Gonzales, LA. This large industrial property has been the headquarters for Neese Industries for 50+ years. The ±69,000+ SF complex sitting on 25 acres was purchased by ASH Brothers, LLC. The property features 905' of frontage with 5 access points to Airline...

15 Nov

Posted at 13:41h in Insights, Office by

The answer to this question really depends on the specific market and type of business you’re targeting. In a large market like New York or San Francisco, the focus is on “smart” buildings. Buildings include things like temperature control, access control, very energy efficient windows. All things that make the building nicer and more secure. In a market like Baton...

14 Nov

Posted at 16:55h in News, Press Releases by

DOWNLOAD PDF   November 14, 2019 – Baton Rouge, LA –  Elifin Realty has announced the sale of three office pad sites (Units 3A, 8B, and 12) located in the Abita View Office Park at 1958 N Hwy 190 in Covington, LA. Unit 3A is planned for a ±6,600 SF building area to be built on piers similar to the neighboring building. Unit...

11 Nov

Posted at 12:00h in Research, The Pulse by

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9442, 9452, 9560 Angus Ave Price: $1,450,000 ($60,417 / unit) Buyer: Duke Rentals of Zachary LLC Elifin's Notes: Three 8-plexes in Zachary sell each containing 2 bed / 1 bath units. 3905 Convention St Price: $290,000 ($41 / SF) Buyer: HIV/AIDS Alliance for Region Two (HAART), Inc Elifin's Notes: HAART, a non-profit...

11 Nov

Posted at 09:11h in Commercial, Insights, Office by

This is kind of a trick question. Unlike residential real estate where leases are typically for 1 year, lease terms for commercial real estate vary widely. Many times, the lease term will depend on the building type, whether it’s a one story garden type office or a multi-story/multi-tenant building that you’d see downtown and other areas of Baton Rouge. Lease terms...

11 Nov

Posted at 09:09h in Commercial, Insights, Office by

Generally, office space is tailored to each specific businesses' needs whether it be small things like paint colors or big things like locations of walls and offices. When you’re moving into a new office space, it’s likely that the decisions that the previous business made for the space will not meet your needs for the space. Because of this, you...

06 Nov

Posted at 15:43h in News, Press Releases by

DOWNLOAD PDF  VERSATILE PROPERTY WITH 70-UNIT SELF-STORAGE SOLD   November 6, 2019 – Baton Rouge, LA –  Elifin Realty has announced the sale of 1815, 1835 Dallas Dr, located in the large commercial district near Tom Drive and Airline Highway. Luke Gomez of Gable Construction, LLC has purchased the ±0.83 acre property for $260,000. The property is improved with a recently renovated ±4,855 SF...

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