Over 800 off-campus student apartment units were built around LSU last year and even more are expected.
“I think, as an analyst it’s going to shift to a very advantageous stage for renters…particularly students,” Wesley Moore, commercial real estate appraiser and market analyst at Cook Moore and Associates.
Around a total of 7,600 units will be added by the end of 2016 and 2017, for a student enrollment of only around 2,700, and that doesn’t factor in what might happen with TOPS, Moore said.
Construction around campus due to the upcoming apartments often leads to many traffic issues for students. However, the increase in housing competition is also decreasing the cost for students.
LSU students can expect to continue seeing rising vacancies in popular complexes, cheaper prices, special deals and giveaways, Moore said.
To compete with each other, many of the apartments are raising the bar when it comes to advertisement.
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LSU Sees Increase in Off-Campus Housing
March 29, 2016
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