A report indicates that apartment rent is increasing faster than condo rent due to a surge in new supply. Landlords are lowering rents to compete as more apartments come on the market. San Antonio experiences a fall in apartment occupancy and rent growth amid oversupply.
Here are the top 15 markets for apartment demand in the past 12 months. These are some very big numbers, and yet... not enough to keep pace with supply anywhere-- even outside the Sun Belt. No, it's not because would-be homebuyers are renting instead. Remember those folks are 1)… https://t.co/6oNKrkgQ24
Rental supply is on the rise in these areas https://t.co/kAQw3S9RgR
Apartment occupancy, rent growth falls in San Antonio amid glut of supply https://t.co/lQYNsPZx1g
Apartment Markets with the Worst Supply/Demand Imbalances https://t.co/hF2s3eMUZC
A lot of new apartments are currently coming to market, and will continue to be delivered throughout the remainder of this year and into early next year. The upshot for renters is that more choices forces landlords to compete by lowering rents, or at least not raising them by as…
Apartment rent growing faster than condo rent as new supply comes online: report https://t.co/0qINwrDtIB https://t.co/UHpwwjAjdf