Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
Rouses Market is looking at a Nov. 1 opening date for its new north Baton Rouge grocery store, at the corner of Florida Boulevard and North Ardenwood Drive.Â
Franciscan Missionaries of Our Lady Health System has sold five of its senior communities to two Memphis-based buyers, with three of the units selling for a combined $10.19 million
The U.S. commercial real estate market is in a state of transition, with several disrupting factors at play, according to Kevin Fagan, with Moody’s Investors Service.Â
The average profit margin for sellers of single-family houses and condos in the Baton Rouge metro area was down during the first three months of this year, new data shows.Â
The Capital Region saw its retail vacancy rates drop from 8.81% to 7.17% last year, following a national trend of lowering rates. Nationwide, retail vacancy rates are the lowest in a decade.Â
Baton Rouge’s office utilization rate is hovering around 60%, higher than the 50% national average, as the pandemic-inspired hybrid work model continues to drive demand for office space.Â