Saurage Rotenberg Commercial Real Estate
06.11.18What Hurricane Season Means For Commercial Real Estate

Article submitted by Sean Marcantel, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate

Written by Southpace | April 29, 2018

On August 25, 2017, Hurricane Harvey’s 130-mile per hour winds and torrential downpours wreaked havoc throughout the Houston region, the effects of which are still evident today. In just four days, this Category 4 storm released a deluge of approximately 19 trillion gallons of water into Southeast Texas, damaging virtually everything in its path. Once the skies cleared, the Houston area was left with billions of dollars in damage and personal losses.

Houston’s Industrial Market Remains Relatively Robust

While the residential properties bore the brunt of the storm’s destruction, Hurricane Harvey absolutely had an impact on the Houston commercial real estate market as well. To date, many residences and personal properties are still not functioning at pre-storm capacity. However, statistics indicate that while Hurricane Harvey impaired over 15 million square feet of commercial inventory, the majority of those properties are already considered operational.

Several factors contributed to Houston’s industrial market remaining relatively unscathed. First, the location of many commercial properties was not near the storm’s direct, most destructive path. The design of Houston’s business properties also played a direct role in salvaging their integrity. Most buildings in the region were designed to stand two to four feet above water level. Additionally, many modern structures have built-in water retention features to help fortify them against the onslaught of a storm and subsequent flooding.

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Sean Marcantel joined Saurage Rotenberg Commercial Real Estate in October of 2016.  He attended Louisiana State University at Eunice (LSUE).  He has been in Business Sales in the Greater Baton Rouge area for over 15 years.  Sean will be pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.  Sean’s professional memberships include the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID) and the Louisiana CCIM Chapter.  Sean’s commitment in the Baton Rouge Community is apparent through his service on the BREC’sPlanning & Parks Resources Committee.  He has been involved in several church, civic, and networking groups throughout his sales career.  Some of the groups include The Baton Rouge Ancient Athletes Society, several Chambers of CommerceBetter Business BureauBusiness Network InternationalSt. Vincent DePaul, as well as Junior Achievement.

Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).

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H.N. “Hank” Saurage IV, CCIM / Saurage Rotenberg Commercial Real Estate, LLC / Licensed in Louisiana and Mississippi