The annual Trends in Real Estate seminar, which features local experts providing their forecast for various sectors of the Baton Rouge real estate market, is moving to a new location.
For the first time, the conference will be held at the L’Auberge Casino & Hotel Baton Rouge events center. Registration for the event begins at 7:30 a.m. Thursday. The seminar will be held from 8 a.m. to noon.
Teams of local real estate professionals in the finance, industrial, multifamily, office, residential and retail sectors provide the latest information about what is going on in their field. The goal of the program is to educate members of the division, their clients and other real estate practitioners in the greater Baton Rouge area about the current and forecast trends in the market.
“The forecast in all aspects looks great,” said Walt Ketchings, 2015 Trends chairman. “Industrial is still hot. We’re pretty sheltered from the low oil prices and natural gas prices are still low, so the petrochemical industry is blowing and going.”
There are a number of new apartment and retail developments being built locally. And Ketchings said demand for office space remains strong, while vacancies are low.
“Residential should be good, as long as interest rates don’t climb too much,” he said.
Along with the local outlook, Lawrence Yun, chief economist and senior vice president for the National Association of Realtors will be keynote speaker. “He’ll be able to provide good information from a national perspective,” Ketchings said.
Ketchings said the event was moved from the BREC Independence Park Theater after about 10 years in order to provide better accommodations for the participants.
“The parking situation at the casino is much better,” said Ketchings, with NAI/Latter & Blum’s commercial sales and leasing division. “We hope by having the seminar at the casino, we have eliminated the parking problems going forward.”
Trends in Real Estate started in 1988 as a joint project of the commercial and investment division of the Greater Baton Rouge Association of Realtors and LSU’s Real Estate Research Institute.
To register or get more information, go to batonrougetrends.net. Registration is $65 in advance and $75 at the door. Four hours of continuing education credits are available for real estate agents, brokers, appraisers and builders.