Article submitted bySaurage Rotenberg Commercial Real Estate
[June 2, 2011 – CCIM.com Newscenter]
Demand for commercial real estate is on the rise due to the improving economy and job creation, according to the National Association of Realtors. “The economy should be adding between 1.5 million and 2 million jobs annually both this year and in 2012, with the unemployment rate falling to 8.0 percent by the end of next year,” says Lawrence Yun, NAR’s chief economist. “Given the minimal new supply in recent years, the rising demand means vacancy rates will be trending down. Individual markets are now stabilizing and in some cases rising.”
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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).
