New Orleans Q1 2025

Market Overview

New Orleans’ multifamily market remained under pressure in Q1 2025, with average occupancy dipping to 90.3% and rent growth staying flat year-over-year. Urban submarkets like Mid-City and Central City continued to see leasing softness, while suburban areas such as Metairie and the Northshore performed relatively better. New supply is minimal, and the development pipeline remains limited, reflecting caution from developers amid economic uncertainty. Still, strong local universities and healthcare employment hubs provide a foundation for longer-term demand, especially for workforce housing stock in stable neighborhoods.

About MMG

MMG’s New Orleans report distills complex market dynamics into straightforward, actionable insights. Designed for multifamily owners and investors, the report covers occupancy trends, effective rent changes, construction activity, and submarket breakouts. MMG’s focus on underreported and tertiary markets gives its research a unique edge, helping stakeholders identify pockets of opportunity and areas of risk in a region that often flies under the radar of larger data firms.

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