Before the pandemic, apartment rental rates and occupancy levels in the Baton Rouge area were dipping, as the market absorbed the substantial amount of new construction that had been built the previous three years. That all changed in 2021 and 2022, as average rents spiked by about 10%, which was in line with national trends
Multifamily: Demand keeps meeting a growing supply
Despite warnings of an overbuilt market, the Baton Rouge apartment sector remains steady as new units keep coming online.
