Counting the building cranes in your city’s skyline won’t tell you whether the local apartment market is going to suffer from oversupply. New supply doesn’t become oversupply unless it overwhelms demand.
“Besides construction levels, it’s all about job growth and household growth,” says Jubeen Vaghefi, international director and leader of multifamily capital markets at Jones Lang LaSalle.
Apartment markets overall remain very, very strong in the U.S., with
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.