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2003 CID Trends May 1, 2003

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2003 CID Trends May 1, 2003 Office Market Trends Presentation 2003 CID OFFICE TRENDS COMMITTEE Lacy Howe, Peek/Howe Real Estate, Inc. Chairman Dianne Bankston ... – PowerPoint PPT presentation

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Title: 2003 CID Trends May 1, 2003


1
2003 CID Trends May 1, 2003
  • Office Market Trends Presentation

2
2003 CID OFFICE TRENDS COMMITTEE
  • Lacy Howe, Peek/Howe Real Estate, Inc. Chairman
  • Dianne Bankston, Larry E. Bankston Appraisals
  • Steve Legergne, Sealy Falgoust Real Estate
  • Branon Pesnell, NAI Latter Blum
  • Carlos Slawson, LSU Real Estate Research
    Institute
  • Jonann Stutzman, JTS Interests
  • Collier Thornton, Thornton, Harvison, and Rhodes
    Real Estate
  • Debbie Usrey, Latter Blum
  • Brad Way, Peek/Howe Real Estate, Inc.

3
Panelists
  • Brad Way
  • Tom Cook
  • Ben Johnson
  • George Kurz
  • Edward Rotenberg

4
Brad Way, Moderator
  • Senior Property ManagerPeek /Howe Real Estate,
    Inc.
  • Over 20 years in the Commercial real estate field
  • Specializes in commercial management and leasing

5
Tom Cook
  • Owner, Appraisal Services
  • Over 23 years in the real estate Appraisal field
  • Past President of the Louisiana Chapter of the
    Appraisal Institute
  • Past President of CID
  • Current Trends Chairman

Before Trends
AfterTrends
6
Ben Johnson, CCIM, CPM, SIOR
  • Sales Manager, Latter Blum
  • Over 28 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 Blums Commercial
    brokers

7
George Kurz
  • Partner, Kurz Hebert Real Estate

8
Edward Rotenberg, SIOR
  • Associate Broker, Sealy Falgoust Real Estate
  • Over 18 years in the Commercial real estate
    business
  • Industrial member of SIOR
  • Former Board Member of CID
  • Specializes in sales and leasing of industrial
    and commercial properties.

9
Questions for Panelists
10
Office Occupancy
  • 1. The LSU Office Market Study for Fall of 2002,
    indicates that although occupancy is down from
    Fall, 2001, there was at least 114,000 s.f. added
    to the A B office inventory during this time
    period.Whats up with that? The Opportunity
    Rate

11
Opportunity Rate
12
Bon Carré
  • Bon Carré will be full in 12-18 months- Ben
    Johnson and Tom Cook, Trends 2001

13
Bon Carré
  • 2. Other than build-to-suit any hope for
    speculative general office space?Is it enough to
    really care?

14
Fair Competition
  • 3. Competing on a Level Playing Field?What do
    Tax Incentives and Foundations have to do with
    developing prime real estate?

15
Ascension andLivingston Parishes
  • 4. Ascension and Livingston are the fastest
    growing parishes in the State. Will office
    follow?If so, any significant players
    relocating?Who are the significant players?

16
Interest Rates
  • 5. Interest Rates have been near historically low
    levels for a long time. When they go up what
    affect will they have onA. Leasing
    ?B. Sales?C. The highly leveraged?

17
Downtown
  • 6. According to the LSU Study, downtown Baton
    Rouge appears to be outperforming most other
    markets- Is this really happening?- What
    continued affect will downtown have on suburban
    markets?- What will pop its bubble?

18
Office Segments
  • 7. Many Changes are occurring in these
    fieldsA. MedicalB. Engineering /
    EnvironmentalC. Dot-ComD. Sublease- Who is
    occupying space?- What are their plans?- Whos
    it going to affect?

19
Predictions
20
Predictions
  • 8. Where is the Growth Spot for office in the
    next 12 months?

21
2003 CID Trends May 1, 2003
  • Office Market Trends Presentation
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