Take a look around. We are seeing something that we haven’t seen in about 6 years; speculative building in commercial real estate.
In the industrial, retail and office sectors speculative, investor owned building are currently under construction. It’s not a huge amount (in terms of total square footage across all sectors) however it’s enough to indicate a growing confidence that maybe, just maybe we have made a significant step on the upswing in commercial real estate investment.
Article submitted by Larry Dietz, CCIM, Associate Broker at Saurage Rotenberg Commercial Real Estate
Written by CIT Group In., December, 2013.
To read this article in its entirety click HERE.
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).
