Article submitted by Corrin Otillio, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate
Written by the National Association of Realtors | May 30, 2017
NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets.
Highlights
- Commercial fundamentals in large cap markets echoed the economic slowdown during the quarter.
- Demand for office and apartment properties remained steady, while industrial and retail found a softening in absorption.
- Vacancy rates experienced slight increases, but rent growth remained solid.
- Commercial fundamentals in small cap markets remained positive during the first quarter of 2017, but the pace of growth moderated.
- Leasing volume advanced 2.3 percent from the prior quarter.
- New construction increased by 2.3 percent from the prior quarter, the slowest pace since the first quarter of 2015.
Corrin Otillio joined the Saurage Rotenberg Commercial Real Estate team in 2016. She obtained a bachelor’s degree from Louisiana State University (LSU) where she majored in Mass Communication, concentrated in Political Communication and minored in Business. While at LSU, Corrin was honored with the top 10% membership award from the sales and marketing fraternity, Pi Sigma Elipson (ΠΣΕ). She is currently pursuing her Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute and is a member of the Louisiana CCIM Chapter. To contact Corrin you can call (504) 250-4563 or email her at corrin@sr-cre.com.
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).
