Baton Rouge-All Sectors

baton rouge prices

Current Rent Prices:

  • Industrial- $4.53 per square foot, declined 50% the last 3 years.
  • Office- $18.33 per square foot, increased $1 PSF.
  • Retail-$17 per square foot, increased $2 PSF.
  • Shopping Centers- $14 per square foot, unchanged.

Current Sale Prices:

  • Industrial- $53 per square foot, up $7 PSF the last 3 years.
  • Office- $118 per square foot, up $6 PSF.
  • Retail-$118 PSF, up 14 PSF.
  • Shopping Centers-$151 PSF, increased 95% percent from $77 PSF.

Lease CAM Charges, Useable and Rentable Square Feet Explained

The added charge for common space is called CAM, or common area maintenance. For example, if rents are $16 per square foot, and you rent 1,000 square feet, the total annual base rent is $16,000, or $1,333 per month. CAM charges are added to the base rent, but not initially quoted, so you need to ask. CAM charges could easily be $3-$7 extra per square foot. In addition, you are charged on rentable square footage, not usable square footage, which means you pay a pro-rate share of all common area including lobby, hallways, restrooms and more. For more information on office leasing including CAM charges, read our article Office Market Trends.

Louisiana Commercial Realty

Commercial Real Estate Experts
Robert Hand, MBA, CCIM, SIOR
Licensed in Louisiana & Mississippi
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