In the age of peak supply, vacancies are rising, concessions usage is increasing and new projects are facing more challenges in reaching the finish line.
At the National Multifamily Housing Council’s Research Forum, industry experts discussed these supply-influenced apartment trends. Jay Denton, senior vice president of analytics at RealPage’s Axiometrics, was among the speakers.
Analyzing pipeline data, Denton questioned how many projects in the planning phase would come to fruition. He pointed to Dallas as an illustration of the disparity between the volume of projects planned and the volume actually built, noting, as of 2017, only 23% of metro units planned in 2014 have stabilized.
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