For the last 36 months…I have been following closely the shortage of multifamily units due to lack of new construction plus limited access to capital/financing. The article below in the WSJ…referencing a shortage of 2.5 million units—is the largest number that I have seen/read in print.
Supply Shortfall Persists For Apartments
http://blogs.wsj.com/developments/2012/01/24/supply-shortfall-persists-for-apartments/?mod=WSJBlog&mod=WSJ_Real%20Estate_BLOGSDEVELOPMENTSFEED
Your take on this article—related to the shortage of multifamily units? How are these trends impacting your rent increases? What kind of occupancy levels are you finding? As rents rise—what does this mean for your resident retention?
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