The spectre of low oil prices and Louisianas budget crisis loom over the Baton Rouge real estate industry, although most local and national experts said they expect various segments of the market to remain steady this year.
That was the upshot of the annual Trends in Real Estate Seminar Thursday at the LAuberge Casino Hotel Baton Rouge events center. A sellout crowd of 800 people attended.
Low oil and gas prices may be cooling down local demand for industrial real estate, but there should be enough work to buffer the market in the short term, participants were told. Some shifting of offices into new developments has caused a slight drop in office occupancies, but rates remain steady.