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    2014 Retail TRENDS

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    Greater Baton Rouge Association of REALTORS® Commercial Investment Division
    These are the presentation slides charts and graphs from the 2014 GBRAR CID TRENDS in Baton Rouge Real Estate Seminar

    Copyright:

    © All Rights Reserved

    2014 Retail TRENDS

    Uploaded by

    Greater Baton Rouge Association of REALTORS® Commercial Investment Division
    215 views27 pages
    These are the presentation slides charts and graphs from the 2014 GBRAR CID TRENDS in Baton Rouge Real Estate Seminar

    Copyright

    © © All Rights Reserved

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    These are the presentation slides charts and graphs from the 2014 GBRAR CID TRENDS in Baton Rouge Real Estate Seminar

    Copyright:

    © All Rights Reserved
    215 views27 pages

    2014 Retail TRENDS

    Uploaded by

    Greater Baton Rouge Association of REALTORS® Commercial Investment Division
    These are the presentation slides charts and graphs from the 2014 GBRAR CID TRENDS in Baton Rouge Real Estate Seminar

    Copyright:

    © All Rights Reserved
    You are on page 1of 27

    2014 Baton Rouge Retail Market Overview

    Presentedby: JonathanD.Walker,CCIM

    April10th,2014

    CommitteeMembers:CharlieColvin,AustinEarhart,WadeGreene,Sean McDonald,DottieTarleton,ColinSmith,JustinLanglois,EvanScroggs AerialPhotographybyJohnWren

    SpecialThankstoHerbGomezandKenDamannatGBRAROffice

    National Trends/Headlines
    Mall owners embracing technology Reverse Showrooming E-fairness Act Case for a Makeover Tenants adapting to market conditions Most favored nation clause

    Local Retail Trends


    Perkins Rowe changes hands Wal-Mart Neighborhood Market expansion Juban Crossing under construction Landlords giving concessions to credit tenants Baton Rouge become more of a primary market Tenant shuffling

    2014 Shopping Center Survey


    Total Area Surveyed: Number of Centers:

    8,480,051 sq/ft 124 Centers

    Trends Excluding Lifestyle Centers


    Average rent and reimbursements total $16.85/ft Overall vacancy rate 10.61% Newer centers higher rental rates and 3% vacancy Centers with 250,000+ SF continue to yield higher average rents ($22.41/ft) and less vacancy (1.1%)

    Mall Updates Redevelopment Projects New Developments

    Mall Updates

    Redevelopment Projects

    New Developments

    Future Developments
    Willowgrove Rouzan Long Farm Millerville at I-12 Americana

    Tales from the Real Estate World


    Novelty Shop Plaquemine Churches, Karate Studios, E-cig Retailers Its either gonna be

    Jonathan D. Walker, CCIM

    RetailCommitteeMembers: AustinEarhart,CharlieColvin,WadeGreene,SeanMcDonald, DottieTarleton,EvanScroggs,ColinSmith,JustinLanglois ThankstoJohnWren,WrensAerialPhotography,LLC ThankstoHerbGomezandKenDamannatGBRAROffice

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