The influx of 76000 new units is expected to soften rental prices in mass market areas where supply is concentrated. Tenants will have more options leading to longer vacancy periods for landlords and potential rent reductions to attract occupants. H…
The influx of 76000 new units is expected to soften rental prices in mass market areas where supply is concentrated. Tenants will have more options leading to longer vacancy periods for landlords and potential rent reductions to attract occupants. However in prime areas with limited new supply rental prices are expected to remain resilient. Investors must choose locations carefully to avoid the rental dilution caused by this massive wave of new inventory.
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