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Baton Rouge, Louisiana

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Latter & Blum
Last Updated: 26-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 24.00 $ 28.00 $ 27.00 41.0% N/A
Class A (Prime) $ 20.00 $ 21.50 $ 20.75 9.7% N/A
Class B (Secondary) $ 12.50 $ 16.00 $ 14.50 25.0% N/A
 
Suburban Office
New Construction (AAA) $ 28.00 $ 28.00 $ 28.00 25.0% N/A
Class A (Prime) $ 17.95 $ 23.00 $ 19.80 6.0% N/A
Class B (Secondary) $ 12.00 $ 16.00 $ 14.75 23.0% N/A
 
Industrial
Bulk Warehouse $ 3.00 $ 5.15 $ 4.00 13.8% N/A
Manufacturing N/A N/A N/A N/A N/A
High Tech / R&D N/A N/A N/A N/A N/A
 
Retail
Downtown $ 12.00 $ 24.00 $ 16.00 6.0% N/A
Neigborhood Service Centers $ 8.00 $ 24.00 $ 15.00 12.5% N/A
Community Power Center $ 23.00 $ 40.00 $ 28.00 6.6% N/A
Regional Malls $ 12.00 $ 80.00 $ 35.00 N/A N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD $ 900,000 $ 1,750,000
Land in Office Parks $ 215,000 $ 350,000
Land in Industrial Parks $ 130,000 $ 260,000
Office/Industrial Land - Non-park $ 80,000 $ 350,000
Retail/Commercial Land $ 350,000 $ 1,250,000
Residential $ 15,000 $ 50,000

 

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