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This new development opportuniy is located in the heart of the rapidly growing Broussard area. This intersection has become the retail hub between Lafayette and New Iberia for the expanding communities of Broussard, Youngsville and St. Martinville. Walmart, Home Depot, and Walgreens all opened their doors in 2008, while the Celebrity 10 screen theater and other retailers are firmly established in this trade area. - Area description: Area Location: US 90 (future I-49) & Albertsons Parkway. Nearby Landmarks: Celebrity Theater, AutoZone, Walmart - Tenancy: Multiple Tenants
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The typical asking rate per listing is in the $10's per square foot per year. The Broussard submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decline in rent.
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