This document is a rental market report for the Lakeshore, Lakeview, Lakewood, Navarre, and West End neighborhoods of New Orleans. It analyzes rental data from April 1, 2015 to March 31, 2016 for double/duplex properties. Key statistics presented include the minimum, maximum, average, and quartile effective rental rates per bedroom. The report also shows year-over-year growth rates in effective rents for different quartiles over the past few years. Examples of specific rental properties with their effective per bedroom rents are also given.

1. 70124
(Lakeshore, Lakeview, Lakewood, Navarre, and West End)
Double/Duplex
Effective Rental Market Report
For the period between 4/1/2015-3/31/2016
Dated: April 1, 2016

2. Author
Education:
Jesuit High School
Louisiana State University
Bachelor of Arts, Economics
MBA, Finance/Investments
New York University, School of Professional Studies
Schack Institute of Real Estate
Certificate, Real Estate Finance and Investment
Relevant Work Experience:
Real Estate Consultant
3CR Global Properties
Commercial Real Estate Investment Consultant
The Stevens Realty Group
Commercial Appraiser Apprentice
Stegall, Benton & Associates
Company:
3CR Global Properties (LA LIC #0995684489) is a Southeast Louisiana real
estate brokerage and consulting company that represents both buyers and
sellers of local real estate, including: commercial, investment, luxury
residential, etc. Our marketing includes contacts across the globe and
presentation of our properties at international real estate venues. Main office
is located at 10000 Celtic Dr, # 706, Baton Rouge, Louisiana 70809. Contact us
at 855-437-5550.
Contact Information:
Justin Cropper
Real Estate Consultant
3CR Global Properties- New Orleans
LA LIC #0995682025
justin@3CRGlobalProperties.com
(504) 657-3468 [c]
(720) 625-6478 [f]

3. Area Map

4. 70124 Effective Rents- Doubles/Duplex units
(Past 12 months: April 1, 2015-March 31, 2016)
MIN: $301.85/BR
25%: $494.07/BR
AVG: $605.55/BR
MAX: $1,373.47/BR
75%: $678.75/BR
50%: $573.33/BR
0
1
3
12
18
20
14
18
11
8
7
4
2
1 1 1
0
1 1
0 0
0
5
10
15
20
25

5. 70124 Annual Effective Rent Growth Rate
75th Percentile Effective Rents per Bedroom: +5.02%
50th Percentile Effective Rents per Bedroom: +5.20%
25th Percentile Effective Rents per Bedroom: +4.19%
$558.06
$583.33
$678.75
$468.06
$517.92
$573.33
$419.27
$438.75
$494.07
$200.00
$300.00
$400.00
$500.00
$600.00
$700.00
$800.00
2012 2014 2016
75% 50% 25%

6. EFFECTIVE RENT EXAMPLE: $1,373.47/BR
(6954 General Diaz, 1000 SF, 1 Bed, 1 Full Bath)

7. EFFECTIVE RENT EXAMPLE: $670.83/BR
(300 35th, 1350 SF, 2 Bed, 2 Full Bath)

8. EFFECTIVE RENT EXAMPLE: $600.00/BR
(6720 Pontchartrain Blvd, 1100 SF, 2 Bed, 1 Full Bath)

9. EFFECTIVE RENT EXAMPLE: $493.70/BR
(6535 Bellaire Dr, 1500 SF, 3 Bed, 2 Full Bath)

10. EFFECTIVE RENT EXAMPLE: $301.85/BR
(5320 General Diaz, 1200 SF, 3 Bed, 1 Full Bath)