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PAGE TITLE: DIGITS
PAGE SUBHEAD: Baton Rouge’s industrial market by the numbers
GRAPHIC 1 [POSSIBLE ILLUSTRATION: iSTOCK 18278745]
25,517,103
Total square footage in 2013
26,415,419
Total square footage in 2014
+3.52%
Change in inventory
GRAPHIC 2 [POSSIBLE ILLUSTRATION: iSTOCK 49224274]
HED: New industrial construction
SUBHED: Square footage of industrial building permits issued for East Baton Rouge and Ascension parishes
July-December 2012: 158,283
January-June 2013: 281,554
July-December 2013: 456,905
January-June 2014: 441,411
July-December 2014: 128,849
GRAPHIC 3
HED: Room for more?
SUBHED: A look at current and historical vacancy rates
9.30%
2013 vacancy rate
7.67%
2014 vacancy rate
8.80%
2014 national vacancy rate
2004: 11.04%
2005: 6.48%
2006: 4.74%
2007: 8.66%
2008: 13.78%
2009: 14.13%
2010: 15.03%
2011: 14.36%
2012: 11.60%
2013: 9.30%
2014: 7.67
GRAPHIC 4
Paying the price
Industrial lease rates per square foot in 2014 (excluding laydown yard area)
$8 to $12
5,000 to 15,000 square feet of flex space
$3,50 to $4.50
5,000 to 15,000 square feet of older office warehouse space
$8.50 to $9.50
5,000 to 15,000 square feet of new office warehouse space
$3 to $4.50
20,000+ square feet of older bulk warehouse
$5,50 to $7
20,000+ square feet of newer bulk warehouse
SOURCE: Research data was provided by the Commercial & Investment Division of the Greater Baton Rouge Association of Realtors and presented at the 2015 Baton Rouge Trends seminar. For more information, visit batonrougetrends.net.
