Forbes Magazine recently named New Orleans as their “biggest brain magnet,” and with that distinction, a number of young professionals have chosen to move here.
According to a recent article in New Orleans City Business, census figures show that members of Generation X and Y (ages mid-30s to mid-40s) make up almost one-third of the population in New Orleans, compared with a national average of just 26 percent. As a result, demographers were quick to name New Orleans as one of America’s fastest-growing cities.
In terms of where to find a home, apartment living is quickly becoming the most viable option for residency during this period of fast growth.
Finding an apartment in New Orleans can be challenging for incoming transplants. At 1st Lake Properties, we are empathetic to the emotional and physical energy it takes to choose a new place to call home. Living outside the city presents an enticing option for newcomers. Apartments are much more plentiful in areas like Metairie and Harahan. This up-and-coming area features suburbs like River Ridge and Elmwood, in addition to our upcoming luxury property, Bella Ridge.
Additionally, these areas offer perks like easy parking and quick access to downtown, both of which are harder to come by when you actually live within the city; congestion and street parking are two constant realities of the New Orleans lifestyle.
“People moving to New Orleans who aren’t sure how long they’re going to stay or who don’t want to buy a home are driving growth in Elmwood,” says our senior vice president, Stacey Shane Schott, in the City Business article.
The suburb offers not only unbeatable proximity to New Orleans, but also plenty of amenities. Elmwood Shopping Center features major stores like World Market, TJ Maxx, Ashley Home Furniture, Ulta, Zoe’s Kitchen, Five Guys Burgers, and much more.
Bella Ridge itself creates a luxurious atmosphere for residents with thoughtful details like an on-site dog park, office space within each unit, and clean, modern interiors.
“We’re expecting folks to stay with us for one or two years until they establish job security,” says Schott, noting that residents may choose to buy a house down the road. “Until then, they’ll be our residents.”