By Dawn Wotapka for The Wall Street Journal [October 6, 2010]

Article provided by Hank Saurage, President/Broker for Saurage Commercial Real Estate

The nation’s apartment market strengthened in the third quarter, with national vacancies seeing one of the sharpest declines on record, according to new data released Wednesday by Reis Inc.

Robust demand allowed landlords to modestly increase rents for the third quarter in a row.  That is a reversal from the freebies and discounts desperate owners coughed up during the downturn to retain and attract tenants. 

“Recovery in the apartment rental sector appears to be firmly rooted,” said Victor Calanog, director of research for Reis, a New York-based research firm…  To read this article in its entirety click HERE.

Hank obtained his Real Estate Sales License in 1984, followed shortly thereafter by his Real Estate Brokers License in 1986 and then  his Real Estate Brokers License in Mississippi in 1997. In 1990, Hank earned the CCIM (Certified Commercial Investment Member) designation from the Commercial Investment Real Estate Council.

Saurage Company, Inc dba Saurage Commercial Real Estate was founded in Baton Rouge in 1991 with the purpose of providing exceptional real estate services with an emphasis on commercial property and property management. Saurage Commercial Real Estate offers to its clients a full range of real estate services including brokerage, investment advising, development consulting, REO disposition specialists, asset management, fee based consulting, tenant representation, and buyer representation. The staff of professionals includes combined experience of 50 years, as well as CCIM Designees and Candidates and recipients of Master of Business Administration.