Warehouse District Condos trends, I see more and more Second homes! The trend continues in 2010.

     The New Orleans Warehouse District is fast becoming one of the top locations in New Orleans condo market  for people looking for second homes.  Its a combination of location and the condition of the condos that are available.  The condos make a great choice as you can lock the door and leave for a month.  The Warehouse District is adding more and more things to do and is close to the others areas of town.  Many are a walk or streetcar ride away.

     The Warehouse District is fast becoming a center of commerce, entertainment, culture, and home to many locals in the New Orleans second home market.  Lets look at what is in the Warehouse District.  The Superdome, New Orleans Arena, New Orleans Convention Center, Childrens Museum, World War II Museum, Harrahs Casino, Aquarium of Americas, Federal Courts  many hotels, Lucy’s Bar, Emeril’s, art galleries, music venues, and much more.  New things are popping up monthly.  The Mississippi River is still the biggest reason the area is what it is.

     The New Orleans French Quarter is across Canal Street and is within walking distance to all the Warehouse District condos.  The New Orleans Garden District and Uptown are a streetcar ride away.  The area gets a great score for walking !

     The condos themselves are much newer and have some great common areas for relaxing with friends and families.  You can find pools, gyms, roof top viewing areas and views of the city and streets.  These are the type of units that you can just leave and come back in several months with all in tack.  The condo fees tend to be reasonable and most of the condo associations are professionally managed.   The parking issue are not a large issue.  Crime does not enter the equation in the Warehouse District.

     The Corporate Condo market is also beginning to pick up as well.  We are seeing companies buy units to entertain their clients on weekends.  The Saints winning the Superbowl certainly did not hurt this thought.  The fact that more and more things are being built every month you get a sense of an area on the move for something better.

      The Warehouse District style condo with exposed brick walls, large windows and high ceilings, wood floors, exposed wood beams beams, thick walls and that historic feel are in style.  Most of the buildings are over 100 years old but there are a few newer ones to chose from.  Many have plenty of light and exterior views which is now very popular.

      The Warehouse District is very pet friendly and all the condos allow for pets.  There are parks and green spaces  within walking distance too almost all of the condos.  Lafayette Square  is one such large park on Saint Charles Ave.  One thing that is missing is fast food places.  Its a lot of local places that have New Orleans written all over them.  Wow!  What a great change of style to eat good food and walk a lot.

      The interest rates on second homes are now at 5% or below which is really the lowest rate in years.  Some lemders were offering 4.75% last week. Always better to stay local as the know the market and seem to just care more in getting the job done in a timely fashion.  

Warehouse District Condosm, What to do!

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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA