Baton Rouge Retail Trends 2016

Presented by:
Jonathan D. Walker, CCIM
Committee Members: Charlie Colvin, Austin Earhart, Wade
Greene, Sean McDonald, Dottie Tarleton, Colin Smith, Justin
Langlois, Ransom Pipes, Evan Scroggs, Matthew Shirley
Special Thanks To: Herb Gomez, Jill Sylvest, Jonann
Stutzman, Ken Damann, Mallory Morgan

Unicorn Zone

2016 Shopping Center Survey

Total Area Surveyed:

~8,600,000 sq/ft

Number of Centers:

123

Average Rent:

$17.19/ft - down from 17.73/ft

Overall Vacancy Rate:

8.89%, up from 7.95%

National Vacancy Rate: 8.0%

Who/What is driving Retail?

Omni-Channel Retailing
Brick and mortar buying online retailers
E-tailers opening up brick and mortar stores
Online retailers paying sales tax now
Evolution of the Big Box

SLOW PROGRESSION OF RETAIL

ROUZAN

RIVERHOUSE

LONG FARM

ESPLANADE MALL

WILLOWGROVE

MILLERVILLE

JUBAN CROSSING

CORTANA

MALL OF LOUISIANA

DEVELOPMENTS TO WATCH

Developments to Watch
Gateway 12 Shopping Center
Burbank / Lee
Gonzales Conway Plantation
Central Shoe Creek

What we Learned
I was right
Retail developments take a long time
Keep an eye on our local economy

Jonathan D Walker, CCIM

Committee Members: Charlie Colvin, Austin Earhart, Wade

Greene, Sean McDonald, Dottie Tarleton, Colin Smith, Justin
Langlois, Ransom Pipes, Evan Scroggs, Matthew Shirley
Special Thanks To: Jill Sylvest, Herb Gomez, Ken Damann
Mallory Morgan