Written by Bill Jeansonne, CCIM, Commercial Investment Specialist for Saurage Rotenberg Commercial Real Estate
In south Louisiana, investors and owners of office properties should continue to be aware of the national office market shifts and turns. A good summary of investor trends can be found in Upping the Ante by Beth Matson-Teig from the March/April issue of Commercial Investment Real Estate magazine of the CCIM Institute.
She states that investors have plenty of capital to spend, and more of that capital is moving away from major metros due to:
- Better Yields: Investors are migrating to secondary markets for more attractive yields.
- Changing Markets: Cap rates remain higher compared to other markets.
- Revitalizing Smaller Cities: Even tertiary markets are experiencing improvements from a stronger economy.
- Seller’s Market: Given the suficient size of the investment, large investors are attracted.
The article also highlights the emerging importance of smart building technology, allowing enhanced efficiencies and a customization of space.
Bill Jeansonne, a native of Alexandria, Louisiana, received both his undergraduate degree and master’s in business administration (MBA) from Louisiana State University (LSU). Bill has 19 years experience in the commercial and industrial real estate business and 14 years experience in commercial/industrial warehouse design and sale of handling equipment. His specializations include commercial and industrial development, brokerage, and leasing, as well as lease negotiations.
A Designee member of the Certified Commercial Investment Member Institute (CCIM), Bill’s professional memberships include Baton Rouge’s Commercial Investment Division (CID), the LSU MBA Alumni Association, a founding member of the board of managers for the Louisiana Commercial Data Base (LACDB), a member of Louisiana REALTORS® (LR), a member of the National Association of REALTORS® (NAR), and a member of the International Council of Shopping Centers (ICSC). Bill has also served as a president of CID, a chairman of the CID Trends Program, a chairman of the LSU MBA Alumni Association Louisiana Looking Up Program, and on the Baton Rouge Area Chamber (BRAC) Trends committee. His current civic affiliations and past service include board chairman of the Baton Rouge Speech and Hearing Foundation and president of the Capitol SERTOMA Club of Baton Rouge. He is currently a member of the Cadets of the Ole War Skule, an alumnus of Omicron Delta Kappa (OΔK), and a member of the Lakeshore Lions Club.
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).
