Written by Daily Report Staff | February 28, 2018
Commercial real estate—driven largely by industrial projects—supported more than $6 billion in direct spending in Louisiana last year, along with more than 92,000 jobs, a new report says.
The numbers put Louisiana in the nation’s top 10 for the amount commercial real estate contributed to a states’ GDPs, according to the NAIOP Research Foundation, a commercial real estate industry group. In all, the report says, the industry contributed north of $12 billion to Louisiana’s economy.
The bulk of the spending in Louisiana came from the industrial sector, which saw $5.6 billion in direct spending, while supporting more than 80,000 jobs. Warehouse and retail and entertainment posted less than a billion dollars in direct spending.
Brian Nicolich joined Saurage Rotenberg Commercial Real Estate in May 2017. He is a lifelong resident of Baton Rouge. Brian attended both St. Michael the Archangel High School and Louisiana State University (LSU). He started his career in Luxury Car Sales, working at Brian Harris Porche Audi for eight years. Brian will be pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.
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).