The market for retail real estate is expected to remain steady in metro Baton Rouge in 2014, with national companies expanding their presence locally.
“It will be more of the same,” Jonathan Walker, an agent with Maestri-Murrell Commercial Real Estate, said at Thursday’s annual trends in real estate seminar.
Baton Rouge has seen steady population growth and great employment numbers that make the market appealing to national firms.
Wal-Mart Neighborhood Market is poised to make moves in the local market. Walker said the retailer is on track to open its grocery stores in Prairieville and Denham Springs.
There are also rumors that the Red Robin hamburger chain, which is running advertisements for Baton Rouge managers, will open a location at an outparcel at the Mall of Louisiana, Walker said.