Written by Larry Dietz, CCIM, Associate Broker for Saurage Rotenberg Commercial Real Estate
When you look at the potential economic growth in any community, the existing infrastructure is a major component for all companies when considering re-location and/or real estate development. Infrastructure consists of many factors, of course, with transit, utilities and technology (ie: broad-band capacity) being among the most important sectors of infrastructure.
In practically all the surveys taken in our greater Baton Rouge capital region, the transit/transportation sector of our infrastructure is the primary concern of our politicians, business leaders and residents. We have a lot of work to do in our transportation needs, and that is stating it mildly.
In the attached article, 96% of respondents in the poll cited infrastructure as an important issue in their investment criteria, nearly as high as land and construction costs.
Given our existing transportation issues (which are extensive), we certainly have a very long way to go in which to remedy that specific sector of infrastructure. If we would effectively address this issue (and that seems very doubtful at times), the benefit in economic growth and development would be significant.
Larry Dietz, an associate broker with Saurage Rotenberg Commercial Real Estate, has over 30 years of Sales, Marketing and Public Relations experience. He is a Designee member of the Certified Commercial Investment Member Institute (CCIM) and CCIM Louisiana Chapter; a member of the Commercial Investment Division of the Greater Baton Rouge Board of REALTORS® (CID); as well as an affiliate member of the National Association of REALTORS® (NAR). He is a licensed real estate broker in Louisiana and Mississippi.
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).
