Market Insights

Market Insights

As a regional company with corporate headquarters centrally located in Shreveport, Louisiana with major traffic arteries stretching in all directions, our market continues to expand.

Our expanded market is attributed to diverse product and solutions, expertise and our ability to complete complex and high quality developments. We support smart building features, conservation of natural resources, and environmental programs in our focus on investment and business solutions for long term sustainability. 

Whether through property management for clients, development, or owner acquisitions, U. L. Coleman Companies has the resources and ability to quickly move forward with new opportunities and into new areas in the south central and southwest regions of the United States.

Local Market

Unemployment Rate, June 2021:

Preliminary, Not Seasonally Adjusted

  • United States: 5.9% • Louisiana: 6.9%
  • Shreveport-Bossier City MSA: 7.2%

Parish Demographics:

Population Caddo Bossier DeSoto
2019 Estimate 210,204 127,039 27,463
Annual Growth (2015-2019) 1.1% 0.3% 0.3%
Avg. Household Income
2021 Estimate $68,164 $70,697 $70,397
Annual Growth (2015-2021) 2.2% 0.4% 5.1%
Households above $75K 31.2% 34.0% 31.1%

Shreveport-Bossier City Community Profile

The corporate offices of U. L. Coleman Companies are located in Shreveport, Louisiana, which is centrally located in the southern region of the U. S. Shreveport, located in northwest Louisiana, is the third-largest city in the state and the principal city of the third-largest metropolitan area in Louisiana. Shreveport, and its neighboring city Bossier City, compose the majority of the metropolitan area. The two cities, separated by the Red River, combined with the surrounding area have a population exceeding 440,000. Shreveport is the commercial, medical, and cultural hub of the Ark-La-Tex, the area where Arkansas, Louisiana, and Texas meet.

Business Advantages and National Recognition

Forbes magazine (2011) stated that the Shreveport-Bossier region offers the lowest cost of doing business in the nation and in North America. In addition, the area also possesses a business-friendly tax environment; taxes in Louisiana consume only 12.2% of business profits, compared to the national average of 16.7%. Louisiana businesses are exempt from paying sales tax on manufacturing machinery and equipment, natural gas and business utilities, capital gains tax on the sale of privately held businesses, and a minimum corporate franchise tax.

These advantages to conducting business in Louisiana are why the area has received the following rankings:

Shreveport ranked No. 17 out of the top 25 Cities with the Lowest Cost of Living.

Business Insider (2016)

Shreveport-Bossier Recognized as the 3rd Happiest City in America.

Harvard University Study (2014)

Ranked No. 18 out of 150 Cities in the U.S. to Start a Business.

Wallet Hub (2015)

No. 3 out of 10 Cities with Affordable Housing and
Above Average Salaries for 18-34 Years Old.

Money Under 30 (2016)

Top 10 of Millennial Friendly Cities.

Realtor.com (2015)

Shreveport-Bossier ranked No. 9 out of 10 Small Cities to Live, Work, and Make Movies.

Movie Maker (2016)

Shreveport-Bossier Ranked Among the “Best Opportunity Cities”.

Forbes (2014)

“Game-Changing Community” Because of Its Economic Potential.

Southern Business & Development (2014)

Economic Development

Manufacturing, warehousing, distribution, tourism, agriculture, educational institutions, medical facilities, service industries, and oil and gas exploration and production have been vitally important to the Shreveport-Bossier economy. Shreveport, located directly at the junction of Interstate 20 and Interstate 49, is a key player in the global business market through a superior network of transportation systems.
Designated as an U.S. Custom’s Port of Entry at the Shreveport Regional Airport and a Foreign Trade Zone, the Shreveport-Bossier area offers advantages for importing, exporting, and transacting international business. The Port of Shreveport-Bossier, positioned at the head of the Red River waterway, four miles south of Shreveport, is a direct shipping gateway to national and international markets. 2021 saw the groundbreaking of the $200 million Amazon robotic fulfillment center in Shreveport will employ an estimated 1,000 skilled workers.

Healthcare is the area’s leading industry, employing more than 18,000 people. Shreveport serves as the medical hub for north Louisiana, east Texas, and south Arkansas.

Leading Shreveport-Bossier Employers by Industry
Company Employment (2020)
Barksdale Air Force Base 14,581
Willis Knighton Health System 9,732
Caddo Parish School Board 9,461
LSU Health Service Center 5,524
Bossier Parish School Board 3,000
City of Shreveport 2,760
Harrah’s Horseshoe Casino & Hotel/ Harrah’s Louisiana Downs 2,532
Christus Schumpert Health System 1,800
Overton Brooks VA Medical Center 1,682
Teleperformance Call Center 1,623
Wal-Mart/Sam’s Stores, Inc. 1,501
Eldorado Resort Casino 1,,265
Sam’s Town Hotel & Casino 1,209
Margaritaville Resort & Casino 1,052
U. S. Postal Service 800
City of Bossier 670
Red River Sanitors Inc 650
Brookshire’s & Super 1 food service 578

The Haynesville Shale natural gas discovery has provided an economic boom to Shreveport-Bossier and the surrounding areas. This natural gas play covers most of the northwest corner of the state and is considered the largest natural gas discovery in the contiguous 48 states. Companies such as Chesapeake Energy, BHP Billiton, and Schlumberger have located regional offices and operations in the area. In addition, numerous long-term jobs associated with geologist engineers, landsmen, drilling personnel, and service-related companies have been added to the local economy.

The area is home to one of the largest air bases in the United States, Barksdale Air Force Base. Barksdale is headquarters to the Eighth Air Force and the 2nd Wing, an employer of approximately 14,581 military, reserve, and civilian personnel, with one of the largest Air Force retirement communities in the United States. The base has an economic impact on the area of over $788.4 million. Barksdale Air Force Base was selected as the permanent home for the Global Strike Command; employing over 1,000 long-term professionals. The Cyber Innovation Center (CIC), located in Bossier City, anchors the 3,000 acre National Cyber Research Park. This state-of-the-art research park focuses on protecting our nation’s interest by becoming the leader in cyberinfrastructure research and technology development. The CIC, working very closely with the Cyber Combat Development Center, serves as a conduit between local, state, and federal agencies, private industries, and academic institutions, building a knowledge-based economy that supports cyber initiatives, education, and workforce development.

Partnered locally with CIC, the State of Louisiana, and the City of Bossier, CSRA continues its growth plan of cyber development with local universities and industry. CSRA has a long history of delivering a broad range of innovative, next-generation IT solutions and professional services to help customers modernize their legacy systems, protect their networks and assets, and improve the effectiveness and efficiency of mission-critical functions for the country’s warfighters and citizens.

Other tenants include CSC, a Fortune 200 Company, located in their own 116,000 square foot office adjacent to CIC, The Boeing Company, Lockheed Martin, Northrop Grumman, Hitachi Data Systems, and other high-paying job providers.

Today the metropolitan area hosts five riverboat casinos and a thoroughbred horse racetrack, which makes Shreveport-Bossier second only to New Orleans in Louisiana tourism. Bossier City added another casino in 2013, Jimmy Buffett’s Margaritaville which added 1,400 new jobs. The economic impact of travel and tourism is a $900 million industry for Shreveport-Bossier and generates $22 million in local tax revenue.

Arts & Culture

Shreveport-Bossier is an area of tremendous cultural activity, with pride in its heritage, music, arts, theater, sports and outdoor recreation, thoroughbred racing, festivals, cuisines, lifestyle, mild climate, and natural beauty. Popular attractions include Sci-Port Discovery Center, The American Rose Center, Louisiana Boardwalk, and Festival Plaza – the site for jazz and blues festivals, a crawfish festival, Holiday in Dixie and Mardi Gras events, and the Red River Revel. The Shreveport-Bossier area is reported to be the fastest-growing tourism market in the state, with Louisiana leading the nation in tourism growth.

Partly due to tax credits provided by the state of Louisiana, Shreveport-Bossier has become a place to film movies. This has led many movie watchers to nickname the area “Hollywood South”. In 2016, Movie Maker Magazine selected Shreveport / Bossier City as the ninth-best small city to live, work, and make movies.

Attractive, affordable housing, transportation, parks, schools and universities, churches, numerous major cultural attractions, and meeting and convention facilities all provide a desirable home and business environment for new businesses and new residents of the Shreveport-Bossier area.

Investment Criteria

U. L. Coleman Companies
207 Milam Street, Suite C
Shreveport, LA 71101

A Full Service Commercial Real Estate Company Serving the southern U.S. region

U. L. Coleman Companies is interested in acquiring investment properties meeting the following criteria.

  • Type of Property: Apartment Communities (minimum typically 150 units)
    Office Buildings (minimum of 50,000 sq. ft.)
    Neighborhood and Community Retail Centers
    Warehouse, Office Service Facilities
  • Acquisition Parameters: Trade area with minimum population of 70,000
    Class A and B product and location
    Properties less than 20 years old
    Single property transactions or multiple property portfolios
  • Region: South, Southeast, and Southwest United States
  • Investment Structure: All cash or subject to existing financing

Contacts:

For Multifamily or Commercial Properties:

Roger Clark

Asset Management Department
318.221.0541