The apartment development pipeline has two main components: units under construction and those in the planning stages. With a total of about 100,000 apartments due to come on line in Dallas, New York City and Atlanta, including 39,400 in Dallas alone, it would stand to reason that there will be many more to follow.
However, RealPage analysis says this isn’t the case. In the case of the three metro areas cited above, there are a little over 23,000 units in the planning stages—i.e. approved by local regulators and scheduled to begin construction within a year.
Read more...Pipeline Thins Out in Major Apt. Markets | GlobeSt.com
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