PAGE TITLE: DIGITS
PAGE SUBHEAD: Baton Rouge’s multifamily market by the numbers
GRAPHIC 1 [ILLUSTRATION: iStock 19872284]
HED: The big build
SUBHED: A look at multifamily construction over the years
6,800
Number of units built in Baton Rouge between 1995 and 2005
6,937
New apartment units completed from the day Hurricane Katrina made landfall on Aug. 29, 2005 through the end of 2014
2,156
Number of units under construction or delivered in 2015
3,746
Number of units proposed for construction by the end of 2016
[ ILLUSTRATION IN RER-48 FOLDER]
GRAPHIC 2
HED: The big five
SUBHED: Five largest complexes under construction in Baton Rouge
1. The District
Perkins Road near Pollard Parkway
312 units
2. The Exchange of Baton Rouge
449 Ben Hur Road
304 units
3. The Standard
West Chimes Street at Alaska Street
247 units
4. Bayonne at Southshore
Stanford Avenue
Units: 240
5. Sterling University
4194 Burbank Drive
235
GRAPHIC 3 [ILLUSTRATION: iSTOCK 8947813]
HED: For rent
SUBHED: Average lease rates for Baton Rouge area apartments
Studio: $626
One-bedroom: $779
Two-bedroom: $942
Three-bedroom: $1,147
Four-bedroom: $1,910
GRAPHIC 4 [ILLUSTRATION: iSTOCK 11789404]
HED: Paying the price
SUBHED: Top five average apartment lease rates by ZIP code
ZIP CODE | Average rent per unit | Number of units
70820 | $1,342 | 2,625
70802 | $1,341 | 1,270
70737 | $1,156 | 732
70810 | $1,086 | 1,738
70809 | $1,021 | 4,450
$1.561
Rent per square foot in the 70802 ZIP code, the highest rate in the area.
SOURCE: Research data was provided by the Commercial & Investment Division of the Greater Baton Rouge Association of Realtors and presented at the 2015 Baton Rouge Trends seminar. For more information, visit batonrougetrends.net.
