Operations Manager, Level Homes
The Baton Rouge market has stayed steady and consistent. We aren’t seeing the sharp slowdowns that some other markets across the country are reporting. A big part of that is likely tied to low inventory. There aren’t a ton of opportunities available right now, and there also isn’t a major surplus of new developments in the pipeline. That lack of supply supports activity and keeps the market moving at a healthy pace.
Jackelyn Gallo
SVP Regional Manager, JD Bank
I share optimism about commercial activity in the Capital Region, centered around our warm, unique culture and all that our region offers to growing businesses and their employees. We may not define this area as a “boom” market or an international hub, but we are seeing steady growth and increased opportunities throughout our area. One of the greatest developments we are witnessing is leadership at every level identifying and acting on the needs of our area to move forward – from the state government to regional leadership, down to local municipalities. Leadership is beginning to move in the same direction, at the same speed, and with the same goals in mind to support improvements and growth needs throughout our Capital Region. The Capital Region is a hub for our state government, higher education and health systems along with being a logistics hub connecting three ports, four major railways, and an international airport. Together, this provides explosive opportunity for residents and businesses alike. We have areas like Geismer that are supporting our industrial growth needs. National and global brands are looking at this market as a place to plant deep roots. Our legislators are identifying needs and building plans to solve the issues like workforce development, student retention post-graduation, education and safety. Across Louisiana, leadership is building plans to address fundamental needs so we can answer the call for the outstanding opportunities knocking at our door.
Chief Executive Officer, Home Builders Association of Greater Baton Rouge
I think in some ways we’re seeing a dual market. At the higher to mid-high end of the spectrum, there are some good things happening. Not a boom. It’s consistent there. But when you get to the lower end, and we start talking housing affordability, there are just some real challenges. The smallest difference in price can really impact people’s ability to purchase a home. As we look to the future, I think we’re all asking, “Where are we going to be able to build?” Ascension, with all the new investment coming in there, seems like it would be ripe to put in a lot of new neighborhoods. But that raises infrastructure issues, and they’re just not open to that. St. George, we’re waiting for them to find their footing. Where is that zoning and master plan going to take us? I found it interesting that during Parade of Homes, we had three homes that were on teardown lots in classic Baton Rouge neighborhoods. And then there are these other one-street developments squeezed into old neighborhoods. Where is that next Willow Grove or Long Farm going to be? I think those are some of the challenges we’re looking at.
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