Article provided by Chris Shaheen, Development Specialist for Saurage Rotenberg Commercial Real Estate

CBRE Econometric Advisors’s Annual Trends 2011 shows an uptick in the New Year due to increased retail sales and limited space supply. The following is culled from information in the just-released report. [November 24, 2010]

BOSTON – Heading into the New Year on a high note, CBRE Econometric Advisors (CBRE-EA) is predicting retail demand for space will be positive for the first time since 2007.

If the new analysis is on target, vacancy is expected to drop to 12.7 percent by the end of 2011; it was 13 percent at the end of Q3 2010.

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Chris Shaheen is a graduate of Louisiana State University where he obtained a Bachelor of Science in Business Management.  Shaheen obtained the Louisiana Real Estate Sales License in 1995 where he began work as a consultant with Saurage Company Inc. and remains today as a specialist in development, land valuation, and financing with Saurage Rotenberg Commercial Real Estate. 

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).