Article submitted by Bill Jeansonne, Commercial Investment Specialist for Saurage Rotenberg Commercial Real Estate
It’s no news change in the commercial real estate sector abounds: Secondary Markets becoming Primary Markets, Tertiary Markets becoming markets of opportunity, and cap rates changing.
In “A Game of Risk “ by Malcolm Davies as featured in the March|April 2013 issue of Commercial Investment Real Estate magazine, published by the CCIM Institute, Davies addresses tertiary markets, such as Baton Rouge and New Orleans, as the current “Final Frontier:”
“When we finally do see cap rate compression in these third-tier cities, we will see the full recovery of the commercial real estate markets as a whole.”
If commercial real estate were a baseball game, then the primary and gateway markets are in their third or fourth inning, the secondary market is in the first, and the tertiary is in the dugout, en route to the batter’s box.”
I don’t know about you, but I think that our home team is already swinging away.
To read this article in its entirety click HERE.
Bill Jeansonne, a native of Alexandria, Louisiana, received both his undergraduate degree and master’s in business administration (MBA) from Louisiana State University (LSU). Bill has 13 years experience in the commercial and industrial real estate business and 14 years experience in commercial and industrial warehouse design and sale of handling equipment. His specializations include commercial and industrial development, brokerage, and leasing, as well as lease negotiations and tenant build outs.
A Designee member of the Certified Commercial Investment Member Institute (CCIM), Bill’s professional memberships include Baton Rouge’s Commercial Investment Division (CID), the LSU MBA Alumni Association, a founding member of the board of managers for the Louisiana Commercial Data Base (LACDB), a member of Louisiana REALTORS® (LR), a member of the National Association of REALTORS® (NAR), and a member of the International Council of Shopping Centers (ICSC). Bill has also served as a president of CID, a chairman of the CID Trends Program, a chairman of the LSU MBA Alumni Association Louisiana Looking Up Program, and on the Baton Rouge Area Chamber (BRAC) Trends committee. His current civic affiliations and past service include board chairman of the Baton Rouge Speech and Hearing Foundation, president of the Capitol SERTOMA Club of Baton Rouge, member of the Cadets of the Ole War Skule, and an alumnus of Omicron Delta Kappa (OΔK).
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 Growth Coalition; 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).