May 16, 2014 10:00
Local professionals analyze retail, office and industrial segments. Acadiana's best and brightest in local real estate gathered in early April at LITE for the Realtor Association of Acadiana's 4th Annual Acadiana Commercial Outlook. Keynote speaker Ron Starner, executive vice president of Conway Data Inc. and Site Selection Magazine, addressed the overall competitiveness of Louisiana and gave insight into what site selection consultants view as the most critical location factors. View his full presentation
May 16, 2014 10:00
With retail rents rising, look for sexy new developments to house exciting entries into the market, along with impressive infill projects in legacy corridors. Driving rents higher - that is the name of the game regarding prime retail real estate in the upcoming years.   And the tipping point is upon Lafayette, as new retailers want to play in our sandbox. But there aren't enough existing castles to go around.   With the Great Recession truly only presenting Lafayette's economy with a hiccup or two, the national tenants have seen their sales figures continue to climb, and their p
May 16, 2014 10:00
It may not be the most exciting segment (the retail agents get all the glory), but there is some office news worth knowing.   While most of us would gladly spend an afternoon watching countless episodes of The Office (I know I would), few of us would spend an afternoon discussing our local office real estate market (I do, but hey, it's my job and I happen to really like it). So give me just two minutes of your time. Our office leasing market is becoming extremely tight, which is excellent: An overall occupancy rate of 88 percent (Class A, B, and C space) is up roughly 2 percentage po
May 16, 2014 10:00
With little to no vacancy in existing space, industry is driving Acadiana's construction boom. For our recent presentation on the industrial segment, we pulled as much data as possible from around the parish but found that most of the larger facilities were not included in the data because the deals were done through sources that did not report the data. From a seller's and a landlord's perspective, we are seeing some of the best sales prices and lease rates in the history of the industrial segment. It seems very relative to consider the price of oil at the end of March 2014 was $108.05 p
July 19, 2013 06:00
The outlook for the energy industry has a lot of dirt turning in Lafayette and neighboring parishes. The outlook for the energy industry has a lot of dirt turning in Lafayette and neighboring parishes. By Monty Warren Friday, July 19, 2013 Deepwater production in the Gulf of Mexico is poised for sustainable growth, as the news I consistently hear from clients and other industry pundits is very positive, and if you read any business news, it seems that significant announcements are released weekly: Exxon/Mobil, BP, Shell, ConocoPhillips, Chevron, Freeport-McMoRan Oil and Gas (formerly Pla
April 12, 2013 09:06
Ambassador South has not taken off quite as fast as some expected, but there is more to this corridor than meets the eye. Ambassador South has not taken off quite as fast as some expected, but there is more to this corridor than meets the eye. The Ambassador Caffery extension from Verot School Road to Highway 90 has been the source of much speculation since it opened for traffic in 2010. Pundits' opinions of the roadway have varied over the road's short lifespan. Much of the road is not served by municipal utilities, and driveway permits are tough to obtain. But the traffic and activity
Nov. 27, 2012 08:10
Commercial real estate markets in economies driven by energy exploration weathered the recession and are on the upswing. Energy, in its many forms, is critical in modern society. In South Louisiana, we have known for decades that the energy industry is a powerful economic driver. We avoided a lot of the economic turbulence felt in other areas in 2009 and 2010 because of the energy industry. I believe that most areas in the rest of the country have dismissed the importance of the energy industry and the impact it has on local and regional economies. In spite of the popularity of "alter
Aug. 31, 2012 05:30
As Lafayette‘s mid-year residential real estate report shows, the Hub City‘s housing market is going gangbusters.  August 31, 2012 Steven Hebert The turnaround in our local real estate market is nothing short of dramatic. We‘re seeing year-over-year sales increases similar to the effect relocations following Hurricane Katrina had on our market in 2006. The difference is that current growth is organic, and I‘m not sure anyone thought our market would recover this quickly.     As Lafayette‘s mid-year residential real estate report shows, th
July 25, 2012 06:07
Occupancy rates continue to soar in Lafayette‘s retail scene, but a lack of new construction puts us at risk of halting progress. By Ryan Pécot July 26, 2012 Year over year same store sales comparisons are the standard barometer used by retailers and Wall Street to keep a handle on the health of a company. A similar assessment can be made of a particular real estate market‘s condition by evaluating a yearly snapshot of the respective occupancy and pricing levels; both for the entire parish, but also in its sub-markets. Occupancy rates continue to soar in Lafayette
March 28, 2012 06:00
Local experts build up Lafayette's industrial, office, retail and multi-family sectors. Thanks to the Realtors' Commercial Alliance and numerous corporate sponsors, Acadiana now has its own commercial symposium, which means local commercial brokers are no longer forced to travel to Baton Rouge or New Orleans to listen to industry prognosticators.   Local experts build up Lafayette's industrial, office, retail and multi-family sectors. Thanks to the Realtors' Commercial Alliance and numerous corporate sponsors, Acadiana now has its own commercial symposium, which

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