The April 29, 2024 issue covers twelve commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $8.01M in disclosed volume. The headline deal: Ujjagar Investment LLC, a local investor, paid $1.8M ($11.67/Land SF) for a vacant lot off Bluebonnet Boulevard near the Celtic Drive intersection. Land led the week with four of the twelve sales, while a...
Overall Dollar Volume is up 7.48% The trailing 12 month total dollar volume of sales was $733.1M at the end of Mar 2024 vs. $682.1M at the end of the prior month. Overall Deal Velocity is down 1.74% The trailing 12 month sale count was 396 at the end of Mar 2024 vs. 403 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/04/Market-Report-New-Orleans-LA-March-2024.pdf" attachment_id="11346"...
Overall Dollar Volume is down 3.17% The trailing 12 month total dollar volume of sales was $591.5M at the end of Mar 2024 vs. $610.8M at the end of the prior month. Overall Deal Velocity is down 4.1% The trailing 12 month sale count was 398 at the end of Mar 2024 vs. 415 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-Baton-Rouge-LA-March-2024.pdf" attachment_id="11416"...
The April 22, 2024 issue covers three commercial sales recorded across Lafayette the previous week, totaling $3.54M in disclosed volume. The headline deal: FIRST BAPTIST CHURCH OF LAFAYETTE LOUISIANA INC THE paid $2.7M ($174.03/SF) for an office building and 0.4+ acre parking lot at the corner of South Buchanan Street and West Main Street. Office led the week with two...
The April 22, 2024 issue covers fourteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.1M in disclosed volume. The headline deal: ELEMENTAL STYLE&STRUCTURE LLC paid $800K ($103.36/SF) for an industrial flex warehouse space at 301A Funston Street in Elmwood. Industrial led the week with six of the fourteen sales, while a Harvey-based investor, head...
The April 22, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.52M in disclosed volume. The headline deal: FNLR Non-Friction LLC, California-based buyers, paid $1.22M ($62.16/SF) for a large industrial facility and vacant lot on the corner of Wilbur Street and Rosenwald Road. Retail and office accounted for two sales each, including...
The April 15, 2024 issue covers five commercial sales recorded across Lafayette the previous week, totaling $8.1M in disclosed volume. The headline deal: SAI SRK CREATIONS LLC paid $4.65M ($181.64/SF) for Connoly Park, a multi-tenant retail strip center on Hector Connoly Road in Carencro. Retail led the week with three of the five sales, including a bank branch in Broussard...
The April 15, 2024 issue covers ten commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $3.77M in disclosed volume. The headline deal: Fen Xu, owner of EE Kitchen & Bath, paid $1.3M ($135.42/SF) for the company's building on South Sherwood Forest Boulevard. Multifamily led the week with four of the ten sales, including three complexes bought...
The April 15, 2024 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $1.38M in disclosed volume. The headline deal: WASTE PRO OF LOUISIANA INC paid $475K ($57.82/SF) for an industrial property at 850 Kenner Avenue, just south of the Airport in Kenner. Industrial led the week with three of the four sales,...
The April 8, 2024 issue covers eight commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $7.55M in disclosed volume. The headline deal: Modern Metals Recycling LLC paid $3.37M ($269.60/SF) for a facility on Airline Highway in Prairieville. Retail led the week with four of the eight sales, while the owner of Robinson Brothers Ford bought the...
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