Devon Thorsby | May 19, 2016
Suburbia boomed in the 1950s as people moved out of urban centers throughout the country and into newly developed neighborhoods filled exclusively with houses. As suburbs developed, commercial hubs – from shopping malls to office complexes – grew to meet the needs of suburban residents.
But over time, the move away from city centers has reversed itself, as people move back to urban areas for closer proximity to work, shopping and cultural amenities they enjoy on a regular basis. Urban home values are now outpacing suburban homes, worth more than 2 percent on average, according to a January 2016 report by real estate information company Zillow. In 2013, the average urban home was worth more than 1 percent less than the average suburban home, Zillow notes.
Recent college graduates and empty nesters alike are returning to homes within the city limits of major urban areas. The change has not only reunited commercial and residential property in the same neighborhood, but they now are more reliant on each other than ever.
David Walker joined Saurage Rotenberg Commercial Real Estate in 2012. David is a graduate from University of Southern Mississippi with a multi major in Accounting, Marketing and Business Administration. David practiced accounting with KPMG in New Orleans, LA. He then began working with Audubon Insurance gaining multiple years’ experience in this field. Leaving as Chief Operating Officer from Audubon Insurance, David began his real estate development career. David has multiple years in real estate brokerage dealing in farm and large tracts of land.
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 theGreater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).