A Slow Move Toward Potential Oversupply via Multifamily Executive Magazine

The lead to an article about apartment trends is as follows:

“Apartment developers, optimistic about the long-term health of the sector, continue to build new units at a robust clip . . .”

This article goes on to say that multifamily development continues, despite declining occupancy and effective rent rates.

At first glance, this could appear to be the opening sentence from an article published in a recent real estate magazine. But it isn’t. Rather, it’s from an article published in National Real Estate Investor (NREI) in December 2003. Much like what happened at that time, we’re seeing a lot of new units delivered to market, even as effective rent growth trends downward and occupancy remains relatively flat.

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