Developers planning new apartment buildings today won’t finish for two years or more in many parts of the country—hundreds of thousands of apartments now under construction have already softened the national multifamily markets. But many developers are now planning new projects anyway.
“It’s kind of late in the party, when all the punch is gone,” says Ryan Severino, senior economist and associate director of research for Reis Inc., a New York City data firm. “We always end up overdeveloping.”
Read more...Multifamily Developers Counting on Demand Through 2017 | Multifamily content from National Real Estate Investor
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.