The recent surge in apartment construction nationwide has given rise to concerns of building too much new product too quickly. In essence, the concerns are centered around how quickly the new product in each market can be absorbed. This recent four-part series aimed to explore that question by examining the supply and demand relationship in various ways and across specific metro areas. In the first part, construction volumes in certain metros were compared to recent demand trends in those metros. The second part explored the extent to which demand drives supply. And the third part examined which metros might be susceptible to supply overhang. The fourth and final piece in our supply series builds upon that the proportionate view of supply and demand.
Read more...Measuring the Supply/Demand Relationship by Metro (Part 4 of 4) | Property Management Insider
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