New Orleans is the 65th largest multifamily market with 60,685 completed units and 6,175 units in development, 492 of which have already broken ground, as of December 2021.
New Orleans Multifamily Market Summary – December 2021
New lease asking rents are at $1,121, up 7.0%▲
from the previous year placing New Orleans at
105th overall in year-over-year rent growth.