T
he Ascension Parish commercial real estate market began 2025 with a notable increase in sales volume, but a decline in deal velocity. According to Elifin Realty's first market report for the year, sales rose by 2.21% in January compared to the previous month.

    Sales volume reached $144.6 million over the trailing 12-month period, up from $141.5 million at the end of December. However, deal velocity declined by 5.32%. The total sales volume at the end of January was $18 million, a $3 million increase from the same time last year.

    The report analyzed four sectors: retail, industrial, office, and land. Retail experienced the largest decline in sales volume and property values, with dollar volume dropping nearly 30% to $9.5 million in January. The price per square foot declined by almost 12%, while deal velocity remained steady.

    Office sales rose slightly over 6% from December to January, driven by a 10% increase in deal velocity. Industrial sales volume increased by 19.66%, with the price per square foot rising 10.32%. However, deal velocity dipped roughly 17%.

    The land sector saw declines across all three areas: sales volume dropped less than 3%, cost per square foot decreased slightly, and deal velocity decreased by 3.13%.