2023 Real Estate Report

The estate of Bubba Lewis, with nearly 15 acres of prime real estate, is for sale, raising the question of what the eventual buyer will do with the property.

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.