Oct 11, 2024
Overall, commercial sales transactions and deal velocity in East Baton Rouge Parish were down a tick last month, according to Elifin Realty’s latest data.  Sales declined less than 1%, with the 12-month trailing volume totaling $423.9 million in September. Deal velocity decreased 4.4% from August. Multifamily The multifamily sector saw a slight decrease in sales volume in September, dropping 0.35%. The trailing 12-month sales volume was $76.2 million last month compared to $76.5 million in August. Deal velocity remained steady while property values increased 4.98% to $51.8K per unit. Retail  Retail rebounded from a 14.15% decline in dollar volume in August to experience increases across the board in September. The retail dollar volume in September increased 4.69% from $80 million in August to $83.7 million. Deal velocity increased 2.44%, and the average trailing 12-month price per square foot was $224.35 in September, up from $223.48 in August.  Office The office sector experienced a slight decrease overall. Sales volume dipped 4.34% from August to September. Deal velocity decreased by 4.35%. Property values dropped less than 1%, with the price per square foot dipping from $146.27 in August to $145.74 in September. Industrial and land  The industrial sales volume rose 4.72% to $57 million in September from $54.4 million the prior month. The price per square foot increased from $63.46 in August to $66.25 in September. Deal velocity decreased by 2.2%. Property values dipped 1.31% in the land sector. The cost per square foot was $7.14 in September compared to $7.23 at the end of August. Sales declined 15.74% to $35.8 million last month from $42.5 million in August. Deal velocity dropped 15.69%. Take Our Poll
Respond, make new discussions, see other discussions and customize your news...

To add this website to your home screen:

1. Tap tutorialsPoint

2. Select 'Add to Home screen' or 'Install app'.

3. Follow the on-scrren instructions.

Feedback
FAQ
Privacy Policy
Terms of Service