Economic Development

Post-pandemic challenges have largely dissipated and the broad Baton Rouge real estate sector has stabilized, though high interest rates are a concern.

Rising interest rates are slowing sales but the residential real estate market remains healthy, though no longer a seller's paradise.

Despite warnings of an overbuilt market, the Baton Rouge apartment sector remains steady as new units keep coming online.

An already oversupplied office market is going through a transformation as tenants are asking for less space and friendlier lease terms.

Though facing a variety of economic pressures, the retail sector remains stable thanks to landlord flexibility and strong consumer spending.

The volume and velocity of deals in the industrial sector are expected to remain low in 2023, while lease prices will remain high.

Even as officials look to pick a location for a new Mississippi River bridge among three options in Iberville Parish, U.S. Rep. Garret Graves says the state should be searching for additional solutions closer to Interstate 10 and U.S. 190. 

Legislation passed over the weekend in the Louisiana Legislature aimed at attracting more large festivals and concerts to East Baton Rouge Parish was inspired by incentives granted to Bayou Country Superfest. 

Renovations to the landmark Mid City Tower on Florida Boulevard are wrapping up and the building will soon be back on the market for lease. 

Grand Isle LNG is proposing to build a liquefied natural gas export facility 13...