Contrary to the national trend, which has seen a sharp pullback in multifamily groundbreakings since 2023 due to high borrowing and construction costs, total construction starts for multifamily properties in Lafayette, Louisiana, reached an all-time high last year, and 2024 is on pace to set a record for new supply.
Robust Multifamily Demand Overshadowed by Recent Supply Wave in Lafayette, Louisiana
Vacancy Rate Now at Six-Year High
CoStar Analytics
August 6, 2024 | 3:46 P.M.
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- Properties
- The Waters at Settlers Trace
536 Settlers Trace Blvd, Lafayette, LA