Data Centers and Mid Term Rentals

Hey Christopher,

This is such an interesting question. I actually looked it up and saw that Meta is building a huge data center in Monroe, which they say will be their largest one yet. That definitely caught my attention too.

I don’t think you can go too wrong with midterm rentals there, especially with all the construction expected over the next five years. That’s thousands of workers who may be coming in from out of town and needing temporary housing. Even after construction wraps up, there will likely be a lot of employees and contractors sticking around, possibly needing furnished places while they get settled or work on short-term assignments.

But I also wonder what else is driving Monroe’s economy outside of Meta? If Meta were to slow down construction or pull out in the future, what would happen to demand for rentals in the area? Are there hospitals, colleges, or other steady employers that would keep things going?

It seems like this could be a great opportunity, but maybe it’s worth digging a little deeper into what kind of tenants would be there five or ten years from now. Is Monroe growing in other ways too? Are housing prices still affordable enough to make the numbers work long-term?

I’d love to hear what others think or if anyone’s already investing there. This feels like one of those spots that could really change over the next few years.

I’m in Baton Rouge and have owned one midterm rental for about two years. I’m looking to expand into more MTRs in the future, so I’m really interested in learning what others are seeing out there.