2010 Baton Rouge Retail Market Overvie€¦ · 2010 Baton Rouge Retail Market Overview Presented...
Transcript of 2010 Baton Rouge Retail Market Overvie€¦ · 2010 Baton Rouge Retail Market Overview Presented...
20
10
Ba
ton
Ro
ug
e R
eta
il M
ark
et
Ove
rvie
w
Pre
sen
ted
by:
Pre
sen
ted
by:
Jon
ath
an
D.W
alk
er,
MB
AJo
nath
an
D.W
alk
er,
MB
AA
pri
l1
5A
pri
l1
5thth
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20
10
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mm
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em
bers
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om
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Mem
bers
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harl
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olv
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oo
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me
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Mu
ller,
Sean
uller,
Sean
McD
on
ald
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ott
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ibo
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Wre
n
National R
eta
il T
rends
•R
eta
il S
ale
s
•M
arc
h r
eta
il-ch
ain
sa
les ju
mp
ed
9%
•A
nch
or
Sp
ace
be
ing
Fill
ed
•S
om
e larg
e v
acancie
s b
ein
g r
e-t
enante
d b
y B
ig L
ots
, G
oodw
ill,
Ashle
y F
urn
iture
, T
racto
r S
upply
, etc
•Jo
bs S
low
ly R
eb
ou
nd
ing
•S
hoppin
g C
ente
rs m
ake u
p 9
.4%
of
U.S
. W
ork
forc
e
•F
ina
ncin
g T
rou
ble
s
•$1.2
Trilli
on m
atu
ring in t
he n
ext
thre
e y
ears
Local R
eta
il T
rends
•R
ed
eve
lop
me
nt
ha
s r
ep
lace
d N
ew
De
ve
lop
me
nt
•D
isco
un
ters
Exp
an
din
g in
to 2
nd
ge
ne
ratio
n s
pa
ce
•L
ocation is a
s im
port
ant
as e
ver
•T
en
an
t’s m
ark
et
•R
esta
ura
nts
Shuff
ling
Local R
eta
ilers
Clo
sin
g
•R
esta
ura
nts
•M
acaro
ni G
rill,
Fis
h C
ity, B
ennig
an’s
, T
imes
Grill,
Ca
len
da
rs, C
ha
mp
s G
rill,
Prim
o’s
•C
ircu
it C
ity
•L
ine
ns a
nd
Th
ing
s
•B
lockb
uste
r
Nota
ble
Are
a V
acancie
s
•Esp
lan
ad
e M
all
–3
5,0
00
sq
/ft
•Circuit C
ity –
28,0
00 s
q/f
t
•Com
p U
SA
–26,5
00 s
q/ft
•Liv
ing
sto
n S
qu
are
–60
,00
0 s
q/f
t
•La
ke
Sh
erw
oo
d M
all
–3
7,0
00
sq
/ft
•Gate
way 1
2 –
52,0
00 s
q/f
t
Are
a R
eta
ilers
Expandin
g
•R
esta
ura
nts
•R
ock n
Sake, K
oto
, C
oyote
Blu
es, Lucy’s
, Jim
my J
ohn’s
, P
ancho’s
, Little C
aesars
, F
ive
Guys, C
ane’s
•F
urn
itu
re R
eta
ilers
•C
VS
–LS
U, Z
ach
ary
, C
en
tra
l, F
lorid
a B
lvd
•D
isco
un
ters
–S
am
’s,
It’s
Fa
sh
ion
•G
rocery
•T
ota
l A
rea S
urv
eyed:
7,5
27,6
58 s
q/f
t
•N
um
ber
of
Cente
rs:
109 C
ente
rs
•T
ren
ds –
Exclu
din
g L
ife
sty
le C
en
ters
–A
vera
ge r
ent
and r
eim
burs
em
ents
tota
l $15.3
6 P
SF
,
-$.3
0 P
SF
incre
ase f
rom
last
year
–O
vera
ll vacancy r
ate
12.5
5%
, up .
50%
fro
m 2
009
surv
ey.
–56%
of cente
rs r
eport
less than 1
0%
vacancy, up fro
m
48%
in
2009
–C
ente
rs w
ith 2
50,0
00+
SF
co
ntin
ue
to
yie
ld h
igh
er
avera
ge r
ents
and less v
acancy (
2%
)
2010 S
hoppin
g C
ente
r S
urv
ey
New
Develo
pm
ents
Redevelo
pm
ents
•Colle
ge R
ow
at
Nort
hgate
•Ham
mond A
ire
•Acadia
n P
erk
ins P
laza
•Acadia
n V
illage
•Perk
ins H
ard
ware
•Ma
ll a
t C
ort
an
a
•Bro
adm
oor
Shoppin
g C
ente
r
•Flo
rida a
t A
rdenw
ood
•Capital H
eig
hts
•Win
n-D
ixie
–D
enham
Springs
Centr
al
Colle
ge R
ow
at N
ort
hgate
Ham
mond A
ire
Acadia
n P
erk
ins P
laza
Acadia
n V
illage
Perk
ins R
oad H
ard
ware
Cort
ana M
all
Bro
adm
oor
Vill
age
Flo
rida a
t A
rdenw
ood
Capital H
eig
hts
Win
n-D
ixie
–D
enham
Springs
Lifesty
le C
ente
rs
Tow
ne C
ente
r
Perk
ins R
ow
e
Develo
pm
ents
on H
old
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Pro
posed D
evelo
pm
ents
•Ro
uza
n
•Bu
rba
nk a
nd
Le
e
•O-N
ea
l a
nd
I-1
2
•Ju
ba
n C
rossin
g
•Riv
er
Dis
tric
t
•Wa
l-M
art
at
Bu
rba
nk a
nd
Blu
eb
on
ne
t
•Pin
na
cle
Ca
sin
o
•Long F
arm
What’s in s
tore
for
Bato
n R
ouge R
eta
il
•Co
ntin
ue
d R
ed
eve
lop
me
nt
•Ne
w A
rea
s o
f D
eve
lop
me
nt
•Do
wn
tow
n
•Wo
me
n’s
Ho
sp
ita
l
•Old
Ad
vo
ca
te S
ite
•Te
na
nts
will
co
ntin
ue
to
re
loca
te,
exp
an
d,
ren
eg
otia
te
•Lo
an
s c
om
ing
du
e –
op
po
rtu
nitie
s?
•Lo
ose
r F
ina
ncin
g
•Fa
nn
ie M
ae
fo
r re
tail?
Jonath
an D
. W
alk
er,
MB
A
Reta
ilC
om
mit
tee
Mem
bers
:R
eta
ilC
om
mit
tee
Mem
bers
:
Ch
arl
ieC
olv
in,To
mC
oo
k,H
erb
Go
mez,
Ch
ase
Mu
ller,
Sean
Ch
arl
ieC
olv
in,To
mC
oo
k,H
erb
Go
mez,
Ch
ase
Mu
ller,
Sean
McD
on
ald
,D
ott
ieTarl
eto
n,R
oss
Th
ibo
deau
x,B
rad
Way
McD
on
ald
,D
ott
ieTarl
eto
n,R
oss
Th
ibo
deau
x,B
rad
Way
Sp
eci
alTh
an
ks
toJo
hn
Wre
n,W
ren
Sp
eci
alTh
an
ks
toJo
hn
Wre
n,W
ren
’’ sA
eri
alP
ho
togra
ph
y,LL
Cs
Aeri
alP
ho
togra
ph
y,LL
C