According to a report by Bloomberg News New Orleans is experiencing a rebirth with commercial construction booming. New Orleans has the good life with restaurants, music, a significant tourist business and an edgy and very interesting culture.
This year through May, commercial real estate transactions in the Big Easy totaled $424.7 million, up 41 percent from the $301.1 million in all of 2012, according to New York-based Real Capital Analytics Inc. New Orleans was the only U.S. market among 55 tracked by the research firm in which sales have surpassed last year’s total.
New Orleans Rolling in Cash Sees Rebirth in Real Estate from Bloomberg
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