New Orleans is the 65th largest multifamily market with 62,004 completed units and 7,568 units in development, 1,027 of which have already broken ground, as of September 2022.
New Orleans Multifamily Market Summary – September 2022
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New lease asking rents are at $1,219, up 8.5%▲
from the previous year placing New Orleans at
72nd overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – August 2022
New lease asking rents are at $1,213, up 9.3%▲
from the previous year placing New Orleans at
77th overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – July 2022
New lease asking rents are at $1,223, up 11.5%▲
from the previous year placing New Orleans at
61st overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – June 2022
New lease asking rents are at $1,210, up 11.6%▲
from the previous year placing New Orleans at
64th overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – May 2022
New lease asking rents are at $1,205, up 11.9%▲
from the previous year placing New Orleans at
65th overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – April 2022
New lease asking rents are at $1,183, up 11.1%▲
from the previous year placing New Orleans at
74th overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – March 2022
New lease asking rents are at $1,168, up 10.1%▲
from the previous year placing New Orleans at
90th overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – February 2022
New lease asking rents are at $1,163, up 9.9%▲
from the previous year placing New Orleans at
92nd overall in year-over-year rent growth.
New Orleans Multifamily Market Summary – January 2022
New lease asking rents are at $1,154, up 9%▲
from the previous year placing New Orleans at
94th overall in year-over-year rent growth.
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.
