Ambassador South has not taken off quite as fast as some expected, but there is more to this corridor than meets the eye.
Commercial real estate markets in economies driven by energy exploration weathered the recession and are on the upswing.
As Lafayette’s mid-year residential real estate report shows, the Hub City’s housing market is going gangbusters.
August 31, 2012
The turnaround in our local real estate market is nothing short of dramatic. We’re seeing year-over-year sales increases similar to the effect relocations following Hurricane Katrina had on our market in 2006. The difference is that current growth is organic, and I’m not sure anyone thought our market would recover this quickly.
Occupancy rates continue to soar in Lafayette’s retail scene, but a lack of new construction puts us at risk of halting progress.
By Ryan Pécot
July 26, 2012
Year over year same store sales comparisons are the standard barometer used by retailers and Wall Street to keep a handle on the health of a company. A similar assessment can be made of a particular real estate market’s condition by evaluating a yearly snapshot of the respective occupancy and pricing levels; both for the entire parish, but also in its sub-markets.
Local experts build up Lafayette’s industrial, office, retail and multi-family sectors.
Thanks to the Realtors’ Commercial Alliance and numerous corporate sponsors, Acadiana now has its own commercial symposium, which means local commercial brokers are no longer forced to travel to Baton Rouge or New Orleans to listen to industry prognosticators.
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