New Orleans Emerges as Hot Multifamily Market

Posted on Feb 18 2016 - 2:08pm by Lance Edwards

New OrleansA decade after the devastation caused by Hurricane Katrina, New Orleans has rebound as one of the nation’s most dynamic and resilient markets for multifamily, according to REBusiness Online.

 

The Crescent City has seen an increase of 10,500 units over the last 14 years, which includes the rebuilding of some of the damaged properties from Hurricane Katrina.

But, the demand for apartments is overwhelming, according to analysts. The downtown historic district is a hot market, while the opening of the nearby BioDistrict is ensuring demand as new jobs and interest in bio-science research takes place in the area.