A few weeks ago, we provided an analysis about San Francisco and its pricey new-delivery Class A apartments. The point of that article was that much of the new supply coming online was being priced out of the market, especially as those developments forced many lower-income individuals to leave their homes, as they couldn’t afford to live in the new apartments.
In Axiometrics’ February 2014 Apartment Market Summary, we focused on this topic once again, pointing out that, in addition to analyzing new supply coming online when it comes to the impact on aspects such as rent growth, it’s also important to take a look at the level of rent and affordability of the already delivered new supply.
Read more...The Higher Price Points of New Supply
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