Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
Jabby’s Pizza plans to open a new location in the Acadian Perkins Plaza shopping center, which would mark its fourth location overall, co-owner Albina Brahimi says.
Following the announcement of its expansion last week, Lafayette-based bakery Caroline’s Cookies is expected to open its location in Perkins Rowe, which would be its first in Baton Rouge, the shopping center announced Friday.
Nearly half (49%) of mortgaged residential properties in the U.S. were considered equity rich, in the second quarter of this year, according to the latest report from real estate data curator ATTOM. That number was up from 47% in the first quarter.
The average sales price per square foot for Baton Rouge office space is rising, even as the number of sales and the overall dollar volume trends down, according to Elifin Realty’s latest commercial sales report.
While other commercial real estate sectors posted statistical declines last month, the Baton Rouge retail sector remains steady thanks to the continuing post-pandemic flight towards retail.