Katrina Creates Safe Harbor for Multifamily Industry
By Sibley Fleming: The story of the New Orleans apartment market is inextricably tied to Katrina…
Rents dropping but apartment occupancy still going strong in region
By Tommy Santora: US apartment vacancies reach a three-year high in 1Q rents drop as well.
Rental Revival
By Tommy Santora: Affordable rental housing is on the upswing in New Orleans, and apartment developers hope they can find enough tenants who fill the new offerings.
Young Professionals Help Fill New Orleans Apartments
By Katie Urbaszewski News Intern: It looked like the medical centers planned to go up along Tulane Avenue would provide a good pool of tenants for the new apartments along the same street. Despite the controversies and delays surrounding Louisiana State University’s and the U.S. Department of Veterans Affairs’ hospitals, however, the apartment market has done just fine without them.
New Orleans Real Estate Feeling A Pinch
By Kate Moran – Business Writer: While the tide of recovery money flowing into New Orleans has helped cushion the region from recession, local real estate experts said Thursday that various segments of the market, including retail, office and multifamily apartments are showing a few fissures.
Apartment surge to be brief
Developers will release more than 2,100 new apartments into the New Orleans market by the end of next year, all of them designed and financed before the global financial markets went into a tailspin.
The end of apartment construction in New Orleans?
By Deon Roberts, Online Editor: This week, I took a tour of The Preserve, a mega, 183-unit apartment development being built at 4301 Tulane Ave. Anybody driving over the Pontchartrain Expressway headed toward the lake has seen the multicolored structure to their right as they pass over Carrollton Avenue.
Report: N.O. – area apartment market a ‘bright spot’
METAIRIE – More than three years after Hurricane Katrina, the New Orleans metropolitan area apartment market is a “bright spot” in the area’s commercial real estate market, according to a report released today.
Inside the heads of 3 apartment experts
By Deon Roberts, Online Editor: This week, I sat down with three people who are New Orleans metro area apartment experts: Mark Madderra, Larry Schedler and Cheryl Short.
Regional Markets – Hanging Moss
New Orleans – How long does it take to recover from a hurricane? Natives here can’t say for sure, but most can see that, while rebuilt homes, businesses, and apartment buildings may line many street, getting back to full strength is likely to take much longer than three years.