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CASTRO REAL ESTATE SERVICES WAS FOUNDED WITH THE GOAL OF HELPING CLIENTS WITH ALL THEIR REAL ESTATE NEEDS, ONE CLIENT AT A TIME.
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2020
In Business Since
262
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524
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NEWS & RESOURCES
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Commercial
What will the River Center’s redevelopment mean for Baton Rouge?
By Dillon Lowe
It’s no secret that the Raising Cane’s River Center is poised for a major overhaul—one that could redefine how Baton Rouge competes for conventions, visitors and entertainment dollars in the years ahead.
The plan, prompted in part by the proposed development of LSU’s new $400 million arena just two miles away, is to redevelop the complex to cater primarily to conventions and construct an adjacent headquarters hotel. Baton Rouge is one of the largest cities in the country to lack a full-fledged convention center.
Business Report
Residential
Apartment Rents Decline in More Than Half of U.S. Markets
By Kristen Smithberg
Record new supply continues to put downward pressure on apartment rents despite strong demand, with more than half of the country’s 44 core-based statistical areas showing declining rents. That is the highest number of markets that posted price dips since September 2023, according to a Redfin report reflecting May.
Overall, median asking rents averaged $1,633 last month, a 1% decrease year-over-year, while on a month-over-month basis, asking rents were up 0.5%. Rents remain $72 below the August 2022 record high.
GlobeSt.com
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