The multifamily sector will soon set a record for new construction, with more than 77,000 units delivering in the third quarter, adding to the 200,000-plus units delivered in the prior four quarters, including many still in the lease-up stage. The wave of supply is putting upward pressure on vacancies, which increased by 10 basis points in the second quarter, to 5.5 percent. While this is still low by historical standards, the pressure on the market will only build in the coming quarters. It ...

NREIonline.com Freemium Content

"New Multifamily Construction Will Contribute to Vacancies in Certain Markets" is FREE to access as a registered user on NREIonline.com.

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.
  • Ability to comment and interact on all site content.

Already registered? here.