E
ast Baton Rouge Parish saw a decline in commercial sales transactions and deal velocity in October, according to Elifin Realty's latest data. Sales volume decreased by nearly 3% to $412 million over the past 12 months.

    Multifamily sales took a hit, with a 12.92% drop in volume to $67.1 million last month. Property values per unit fell to $47,800 from $50,500 in September. Deal velocity remained steady.

    Retail sales and deal velocity dipped after a strong September. The dollar volume decreased by 7.99% to $77 million, while deal velocity dropped by 11.9%. The average price per square foot increased to $244.70 from $224.35 the previous month.

    Office sector saw an increase in both sales volume and property values. Sales volume rose 6.81% to $92.8 million last month, with property values increasing slightly to $146.42 per square foot. However, office deals were down by 6.82%.

    Industrial sales declined by 13.1% to $49.5 million in October, with a slight dip in price per square foot to $65.28. Deal velocity decreased by 6.74%. The land sector saw an increase of nearly 8% in sales volume to $38.7 million, with a significant rise in cost per square foot to $9.50.