Monroe Louisiana Commercial Real Estate

Commercial Real Estate Legislative Update   LEGISLATIVE UPDATE: 2013 by Adriann Murawski   Lack of bipartisan negotiations has delayed economic growth, as federal uncertainties have forced U.S. businesses to adopt a wait-and-see planning model. Until Democrats and Republicans can work together, m...

CAP RATES PREDICTED TO BE FLAT THRU 2015

SOLD: MOTEL 6 IN WEST MONROE FOR $2,200,000   111 rooms sold for $2.2 Million for an average of $19,820 per room.  The sales price was 2.2 times the Gross Revenue of approximately one million dollars. 

COMMERCIAL REAL ESTATE OUTLOOK 2013   COMMERCIAL REAL ESTATE INVESTMENT TRANSACTIONS GREW BY 4% LAST YEAR...   VACANCIES ARE DECREASING, RENTS ARE INCREASING...   APARTMENTS GAIN MARKET SHARE...   COMMERCIAL REAL ESTATE PRICES HEADED BACK UP...   CAP RATES ARE DECREASING AND THE SPREAD OVER 10-YE...

OFFICE MARKET RENT CYCLES

SOLD: West Monroe Office Building - Richland Tower   The Richland Tower Office Building at 2500 North 7th Street in West Monroe, Louisiana sold for $4,450,000 recently. The Seller was ZEG Ventures, LLC and they were represented by Ryan Roark, CCIM of Keller Williams Commercial.  This 56,784 squar...

6,284 SF Office Lease: Home Care Resources   The office space at 235 Desiard Street was leased by Ryan Roark, CCIM of Keller Williams Commercial to Home Care Resources on a 4 year lease. This 6,284 square foot space was recently renovated and is part of a growing redevelopment effort in Downtown ...

Downtown Monroe Office Lease: Restorative Home Health Care   The office space at 426 Desiard Street was leased by Ryan Roark, CCIM of Keller Williams Commercial to Restorative Health Care on a 3 year lease. This 2,353 square foot space was recently renovated and is part of a growing redevelopment...

Downtown Monroe Office Lease: First Choice Hospice The office space at 424 Desiard Street was leased by Ryan Roark, CCIM of Keller Williams Commercial to First Choice Hospice on a 3 year lease. This 2,254 square foot space was recently renovated and is part of a growing redevelopment effort in Do...

Keller Williams Parishwide Partners (KWPP) holds a 32% market share in Northeast Louisiana. Year to date sales are currently at $215 Million and sitting $76 Million ahead of the nearest competitior. Average Price Per Sale is $202,000 at KWPP vs $132,288 at it's nearest competitor.