Weekly CRE Update from Saurage Rotenberg Commercial Real Estate, LLC

Weekly Features presented by Larry Dietz, CCIM

December 1, 2022

Feature Article: Construction's supply chain outlook: more shortages, price hikes ahead

From Bankrate.com, as of Wednesday, November 30, 2022, "the current average rate for the benchmark 30-year fixed mortgage is 7.32%, up 15 basis points over the last week. If you're looking to refinance your mortgage, today's national average rate for a 30-year fixed refinance is 7.30%. In addition, today's national 15-year refinance rate is 6.50%." In addition to interest rates, the supply chain issues for construction materials have also had a significant impact on both residential and commercial development, with delayed delivery time-lines and increased costs.

Feature Property: 7112 Florida Boulevard, Baton Rouge, LA 70806

Retail-Commercial for Sale

This property is located on Florida Boulevard Street in Baton Rouge, Louisiana. It is over 2,500 square feet and has high visibility on the south side of Florida Boulevard. This property is in excellent condition due to renovations that occurred in 2017. This property comes equipped with a drive- thru and plenty of parking for future customers.

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Larry Dietz, CCIM

Associate Broker

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