GLOBEST.COM (December 16, 2016) – Next year will see an increase of about 10% to 20% on what is already a three-decade high for new apartment product, with scheduled deliveries in 2017 climbing to 353,000 units, up from 310,000 units in 2016. RealPage’s MPF Research is forecasting a moderation in rent growth for the coming year, with increases averaging about 3% to 3.5%. Cause and effect? Not entirely, Jay Parsons, VP of research with MPF, tells GlobeSt.com.
‘Operator Sentiment’ Means Caution On Rents
December 16, 2016