Government statistics and the latest reports from the design and construction sectors suggest that the growing number of cranes dotting the country’s CBDs and suburbs won’t be leveling off any time soon.
According to the latest report by the American Institute of Architects (AIA), the Architecture Billings Index hit its highest level since 2007 in July as robust demand for design services continues to spread across all U.S. regions and construction sectors.
The billings index, viewed as a leading indicator of commercial real estate development activity, reached 55.8 in July, up sharply from 53.5 in June. Design services demand has advanced steadily over the last three months, according to the AIA. The new projects inquiry sub-index was a very strong 66, down slightly from 66.4 in June.
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Bob Kirby, a commercial leasing and sales consultant with Saurage Rotenberg Commercial Real Estate, has over 37 years of sales and management experience. Licensed in Louisiana and Mississippi, Bob is a member of the Mississippi Commercial Association of REALTORS® (MCAR); the Greater Baton Rouge Association of REALTORS® Commercial Investment Division; a candidate member of the Certified Commercial Investment Member Institute (CCIM); and an affiliate member of the National Association of REALTORS® (NAR) and NAR Commercial.
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).