By james art 
The market for commercial real estate at East Baton Rouge Parish has started the new year strong with increasing sales transactions and transactions transactions, according to the latest Elifin Realty data.
Sales increased by 2.25% in January. The following 12-month volume in dollar sales volume was
$ 403 million at the end of last month, compared to $ 394.2 million at the end of December. The transaction rate increases by nearly 2%.
Multi -family
The multifamily sector ranked an 8.52% increase in sales volume last month. The current 12-month figure was $ 82.5 million, compared to $ 76 million in December. The speed of the deal remained stable and the property values increased to $ 53,800 per unit in January, compared to $ 53,400 in December.
Retail
Retail trade marked a slight increase in the 12-month sales volume. The volume of the dollar increased to $ 88.1 million from $ 87.3 million in December. The transaction rate increased by 1.27%, while the average price at the 12-month price per square foot decreased by 3.95% to $ 285.24 in January from $ 296.96 in the previous month.
Office
This sector experienced an increased volume of sales and the speed of the deal, but noted a decline in property values. Sales increased by 6.72%, from $ 83 million in December to $ 88.5 million in January. However, the property values dropped from $ 145.64 in December to $ 142.92 last month. Deal speed increased by 10%
Industrial and land
The volume of industrial sales decreased by 10%, from $ 52.9 million in December to $ 47.6 million in January. The price per square foot has increased from $ 63.95 to $ 65.42. The speed of the deal reduced by nearly 6%.
The experience of the land sector is increasing throughout the board. The volume was $ 42.3 million in January compared to $ 40.3 million in December. The price per square foot has increased slightly to $ 10.76, compared to $ 10.66. The transaction rate increased by 4.76%.