Post Covid Real Estate

If you spend much time in Baton Rouge business circles, you know
that real estate is one of the most vibrant and robust sectors of
the local economy.  The real estate market has been on a
roll since the Great Recession, with a boom in new commercial and
office development and a steady increase in residential
activity.  That is, up until the Covid crisis of 2020 threw
a wrench in the real estate market, as it has with so much else.
Now we're looking at what we are optimistically calling a post
Covid economy and in Baton Rouge post Covid real estate there are
surprising opportunities. Real estate experts are  trying to
wrap their heads around what’s going on and where we’re headed.


Dottie Tarleton is a Senior Broker Associate at Stirling
Properties.  Dottie specializes in commercial real estate –
retail shopping centers – which were already in the process of
reinventing themselves before the pandemic, thanks to the Amazon
effect. Dottie sees the transition of the mall as both a new
world of retail and new way of orienting community. 


Dottie's front row seat to the workings of local real estate
comes with a unique perspective. For most of Dottie's career the
wheelers and dealers of commercial real estate in the Deep South
have been mostly male. The kind of men who, you could say,
belonged to the good old boys network. When Dottie joined
Stirling Properties 30 years ago, she was the only female broker
doing commercial real estate. Today, the ranks have opened to
women somewhat, but not nearly as much as you might think. If you
want to know what's going on (and not just in real estate!)
Dottie's and Stephanie's conversation on this edition of Out to
Lunch pulls no punches.


Terry Leblanc is Regional Sales Manager at Assurance Financial,
an independent, full-service residential mortgage brokerage firm
that was founded in 2001 right here in Baton Rouge and today is
licensed in 43 states and is housed in 24 locations around the
country, where it offers a full menu of residential loan
products. Like Dottie, Terry is also a veteran of the real estate
business and has been a mortgage broker since the mid-1990s. He
ran his own firm for more than a decade. Since 2014, he has been
instrumental in Assurance's expansion into new territories. 


Photos from this show by Jill Lafleur are at our website.


Hear more about the Baton Rouge post Covid real estate market
here.


 


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