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2010 Baton Rouge Industrial Market Overview

2010 Baton Rouge Industrial Market Overview. Presented by: Todd E. Pevey, MIE Properties - LA. April 21, 201. Industrial Committee. Todd Pevey, MPA, MIE Properties, Co-Chairman Marc Barker, CCIM, SIOR, NAI Latter & Blum, Co-Chairman Walt Ketchings, NAI Latter & Blum

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2010 Baton Rouge Industrial Market Overview

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  1. 2010 Baton Rouge Industrial Market Overview Presented by: Todd E. Pevey, MIE Properties - LA April 21, 201

  2. Industrial Committee • Todd Pevey, MPA, MIE Properties, Co-Chairman • Marc Barker, CCIM, SIOR, NAI Latter & Blum, Co-Chairman • Walt Ketchings, NAI Latter & Blum • Scot Guidry, CCIM, Mike Falgoust & Associates Commercial Real Estate • Brent Garrett, CCIM, SIOR Beau Box Commercial Real Estate • Jonathan Starns, Donnie Jarreau Real Estate

  3. INVENTORY & ABSORPTION

  4. INVENTORY & ABSORPTION

  5. YEAR-TO-YEAR CHANGES TOINDUSTRIAL INVENTORY DATA

  6. EBR PARISH BUILDING PERMITS

  7. LEASE RATES

  8. NOTICEABLE TRENDS • Consolidations & Mergers – contributing to the increasing vacancy rates. • Subleases COMMON. • Movie Industry Tenants occupying some warehouse space • Lots of Tenants threatening bankruptcy. • Not a lot of companies Relocating…but most of those that move are downsizing & attempting to decrease their monthly rent. • Still too much Big Box Space

  9. NOTEWORTHY EVENT Nucor Steel Project in St. James Parish Largest steel maker in US Decade long project - 5 phases Thousands of jobs

  10. NATURAL GAS PRICES • The Haynesville Shale is a rock formation mainly composed of consolidated clay-sized particles deposited and buried in northwest Louisiana and East Texas more than 170 million years ago during the Upper Jurassic age. The Haynesville Shale has recently been estimated to be the largest natural gas field in the contiguous 48 states with an estimated 250 trillion cubic feet (7.1×1012 m3) of recoverable gas. Production has boomed since late March 2008, creating a number of new millionaires in the Shreveport, Louisiana region. - Wikipedia

  11. FORECAST 2011

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