Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
A couple of local investors are planning to convert a historic Mid City office building into a retail space for hair and nail salons, among other tenants. Located on Government Street near its intersection with South Acadian Thruway, the Class A office building was built in 1958 and designed by renowned architect A. Hays Town.
Through April 2021, the total number of commercial sales in the East Baton Rouge market is up 37% and the total dollar volume of sales is up 41% over the previous six-year averages, according to an analysis released today by local real estate firm Elifin Realty.
After granting their struggling retail tenants leeway with rent payments for much of 2020, Baton Rouge landlords have largely decided it’s time to drop the hammer.