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Construction Sector Leads Employment Growth in Baton Rouge; Pushing Vacancy Lower

Employment growth in Baton Rouge will nearly double the national average this year as payrolls grow close to 3 percent. Job gains in this metro are led by the construction sector, which is typically a strong driver of rental demand. Many building jobs are transitory or unsteady, encouraging a significant share of these workers to avoid purchasing homes. One of the most significant construction projects under way is the $60 million e ort to widen Interstate 10, which will improve the quality of life and commuting times for residents in the Ascension Parish submarket. Others include the 35-acre Water Campus, which will support approximately 45,000 direct and indirect jobs in the education and health services, professional and business services, and construction sectors. The development will serve as the home for The Louisiana Coastal Protection and Restoration Authority. Finally, unlike many other markets[…]

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