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2001 CID Trends April 24, 2001 Office Sector Presentation. Lacy Howe. Principal, Peek /Howe Real Estate, Inc. Over 12 years in the Commercial real estate field Specializes in acquisition, disposition and leasing. 2001 CID OFFICE TRENDS COMMITTEE.

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2001 cid trends april 24 2001 office sector presentation
2001 CID Trends April 24, 2001Office Sector Presentation


Lacy howe
Lacy Howe

  • Principal, Peek /Howe Real Estate, Inc.

  • Over 12 years in the Commercial real estate field

  • Specializes in acquisition, disposition and leasing


2001 cid office trends committee

2001 CID OFFICE TRENDS COMMITTEE

Lacy Howe, Peek/Howe Real Estate, Inc. – Chairman

Dianne Bankston, Larry E. Bankston Appraisals

Dianne Barlow, Dixon Realty

Richard Hymel, Select Properties

Donnie Jarreau, Donnie Jarreau Real Estate

Steve Legergne, Sealy & Falgoust Real Estate

Carlos Slawson, LSU

Jonann Stutzman, JTS Interests

Debbie Usrey, Latter & Blum

Brad Way, Peek/Howe Real Estate, Inc.










Mcl office group
“McL’Office Group”

  • Lacy Howe

  • Tom Cook

  • Mike Falgoust

  • Ben Johnson

  • Donnie Jarreau


Mr mcl office
Mr. McL’Office

Moderator:

  • Lacy Howe

  • Principal, Peek /Howe Real Estate, Inc.

  • Over 12 years in the Commercial real estate field

  • Specializes in acquisition, disposition and leasing


Mcl office group1
“McL’Office Group”

Panelist:

  • Tom Cook, MAI

  • Owner – Appraisal Services

  • Over 21 years in the real estate Appraisal field

  • Past President of the Louisiana Chapter of the Appraisal Institute

  • Current President of CID


Mcl office group2
“McL’Office Group”

Panelist:

  • Mike Falgoust, SIOR

  • Managing Broker, Sealy & Falgoust Real Estate, LLC

  • Over 26 years in the Commercial and Industrial real estate business

  • Past President, SIOR and CID

  • Actively involved in the EBR Planning Commission


Mcl office group3
“McL’Office Group”

Panelist:

  • Ben Johnson, CCIM, CPM, SIOR

  • Sales Manager, Latter & Blum

  • Over 26 years in the Commercial and Industrial real estate business

  • Formed Johnson Properties in 1983 which he sold to Latter & Blum in 1995

  • Sales Manager for Latter & Blum’s Commercial brokers


Mcl office group4
“McL’Office Group”

Panelist:

  • Donnie Jarreau

  • President and Owner, Donnie Jarreau Real Estate

  • Over 11 years in the Commercial real estate business

  • Formerly with Latter and Blum

  • Owner of Spectrum Fitness Clubs



Sherwood

1. According to the LSU’s Survey results, Sherwood Forest Occupancy has decreased 3 – 4% since Spring of 2000. It is probably worse than that, especially if you have a ‘see-through-building”.

A. Why is this happening?

B. What affect on rates will this have?

C. How low do you see rents going? $12.00


Downtown

2. Will Downtown office continue to attract office tenants or is it tapped out?

If tapped out, what will it take to make it more attractive to office dwellers?

Other than mid-town Florida Blvd., what other areas will be vacated as the State consolidates downtown?


Bon Carre’

3. What is the future of high-tech office space in Baton Rouge? Bon Carre’ has brought 400,000 s.f. on the market. Although they have signed 50,000 sf, the balance still needs to be absorbed.

A.  Is Bon Carre’ going to fill-up?

B. Have any of you lost a deal to Bon Carre’?

C.  Was it lost due to the tax relief measures?


BR Rental Rates

4. According to LSU’s Survey, occupancy rates in BR are dropping and rental rates are increasing so slowly that they have probably peaked. Anyone care to speculate where rental rates will be in 2 years?


BR Rental Rates (Class A and B)


Triumphs and Blunders

5. What is the most notable triumph in the office market during the past year?

6. What is the biggest blunder in the office market during the past year?


Playing Follow-the-Leader?

7. Since everybody is moving to Livingston and Ascension Parish, will office follow?


Significant Correlation?

8. What affect does the hunting season have on leasing in our market?



Speculative Construction

9. According to LSU’s survey, rates for Class A space has increased $0.62 sf/yr., since 1998. At this rate, it could take over 4 years to hit $21.00.

A. Is that when we can expect to see speculative office construction?

B. Where?


Cold Spots

10. Other than Sherwood Forest, what is the coolest spot for office today? Where will it be next year?






Hot Spots

11. Where is the Hot Spot for office in the next 12 months?



BIG Closing Question

12. What affect will market conditions such as (choose one):

a. the “bear” market

b. the interest rate environment

c. the oil and gas

d. All of the above

have on the real estate sector in the next year?


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