Baton Rouge Retail Trends 2015

Presented by:
Jonathan D. Walker, CCIM
Committee Members: Charlie Colvin, Austin Earhart, Wade
Greene, Sean McDonald, Dottie Tarleton, Colin Smith, Justin
Langlois, Ransom Pipes, Evan Scroggs
Special Thanks To John Wren, Walt Ketchings, Ken Damann,
Jill Sylvest, and Herb Gomez

2015 Shopping Center Survey

Total Area Surveyed:

~8,400,000 sq/ft

Number of Centers:

117

Average Rent:

$17.73/ft, up from $16.85/ft

Overall Vacancy Rate:

7.95%, down from 10.61%

National Vacancy Rate: 7.3%

Real Estate Matrix

What / Who is driving Retail

New Development
Retailers Cautiously Expanding
Local, Regional, National Lenders
Millennials
Oil Prices

TREND
RENTAL RATES
&
OCCUPANCY

TREND
COMPETITION FOR
A
SITES

TREND
NEW
DEVELOPMENTS
SPUR GROWTH

Developments on Hold - 2010

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JUBAN CROSSING

ROUZAN

MILLERVILLE

WILLOWGROVE

DRUSILLA SHOPPING CENTER

Developments to Watch

Long Farm

Highland @ I-10

Riverhouse

Summary Matrix

Jonathan D Walker, CCIM

Committee Members: Charlie Colvin, Austin Earhart, Wade

Greene, Sean McDonald, Dottie Tarleton, Colin Smith, Justin
Langlois, Ransom Pipes, Evan Scroggs
Special Thanks To: John Wren, Walt Ketchings, Ken Damann,
Jill Sylvest, and Herb Gomez