February 27, 2025 - 02:23
The Ascension Parish commercial real estate market experienced a promising start to 2025, marked by a rise in sales volume despite a slowdown in deal velocity. According to the latest market report, sales increased by 2.21% in January, reflecting a growing interest in commercial properties within the region. The total dollar sales volume over the trailing 12 months reached an impressive $144.6 million, up from $141.5 million in the previous month.
This uptick in sales volume indicates a robust demand for commercial real estate, suggesting that investors are actively seeking opportunities in Ascension Parish. However, the decline in deal velocity may point to a more cautious approach among buyers and sellers, as they navigate market conditions and potential economic uncertainties.
Overall, the January report paints a picture of a market that is experiencing growth, yet remains vigilant in the face of changing dynamics. Stakeholders will be keen to monitor how these trends evolve in the coming months.
