A recent article, titled “Apartment Sector Trends – Supply and Demand” read in the Reis Report publications, states that demand for apartment units has been strong for the past three years, and has still increased through the last quarter. With the apartment sector of real estate performing so well it is of little surprise that developers are setting their sights on the construction of multifamily apartments. The last three quarters have shown an increase in building completions. Even with the increase in annual net completions of new apartment buildings, there is still a lack relative to market demand.
by Levey Miller Maretz Leave a Comment
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