2014 Baton Rouge Retail Market Overview

Presentedby: JonathanD.Walker,CCIM

April10th,2014

CommitteeMembers:CharlieColvin,AustinEarhart,WadeGreene,Sean McDonald,DottieTarleton,ColinSmith,JustinLanglois,EvanScroggs AerialPhotographybyJohnWren

SpecialThankstoHerbGomezandKenDamannatGBRAROffice

National Trends/Headlines
Mall owners embracing technology Reverse Showrooming E-fairness Act Case for a Makeover Tenants adapting to market conditions Most favored nation clause

Local Retail Trends

Perkins Rowe changes hands Wal-Mart Neighborhood Market expansion Juban Crossing under construction Landlords giving concessions to credit tenants Baton Rouge become more of a primary market Tenant shuffling

2014 Shopping Center Survey

Total Area Surveyed: Number of Centers:

8,480,051 sq/ft 124 Centers

Trends Excluding Lifestyle Centers

Average rent and reimbursements total $16.85/ft Overall vacancy rate 10.61% Newer centers higher rental rates and 3% vacancy Centers with 250,000+ SF continue to yield higher average rents ($22.41/ft) and less vacancy (1.1%)

Mall Updates Redevelopment Projects New Developments

Mall Updates

Redevelopment Projects

New Developments

Future Developments
Willowgrove Rouzan Long Farm Millerville at I-12 Americana

Tales from the Real Estate World

Novelty Shop Plaquemine Churches, Karate Studios, E-cig Retailers Its either gonna be

Jonathan D. Walker, CCIM

RetailCommitteeMembers: AustinEarhart,CharlieColvin,WadeGreene,SeanMcDonald, DottieTarleton,EvanScroggs,ColinSmith,JustinLanglois ThankstoJohnWren,WrensAerialPhotography,LLC ThankstoHerbGomezandKenDamannatGBRAROffice