Rental rates for apartment units in New Orleans have reached some significant highs, according to a report by Larry G. Shedler & Associates. The research firm found that rents have increased as much as 20 to 30% since Hurricane Katrina in 2005. The survey, which focused primarily on larger apartment communities, said that apartments in the historic district of New Orleans had the highest rates, commanding $1,300/unit. The report also says that about 1,775 units are under construction in the region.
Source: LoopNews
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