How did you deal with the commercial real estate market in the metropolitan region last year? – Report on greater Baton Rouge

The market for commercial real estate in the area has declined in sales last year thanks to a large extent to the three “I: inflation, insurance and interest rates.

AS Business report wrote in its last issueUnlike in previous years, where multi -family commercial property transactions wore the most severe price labels, an industrial deal took first place in 2024.

However, three of the 10 most expensive deals last year in East Baton Rouge, addresses and Livingston were multi -family developments, according to information provided by Elifin Realty.

The best deal – at $ 43.8 million – was for industrial property in Livingston parish. This deal would be ranked second in 2023.

The local shopping market is believed to be similar to last year, according to Jonathan Walker by Maests Murrel. A less reduction in interest rates than before, and the constant cost of tall buildings continue to stop new construction.

Read the full story To see the top 10 commercial deals in 2024 and send comments to [email protected]S