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 ...
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