Garry Marr: Peak apartment rental construction and why it can’t happen


For now, there hasn’t been a period such as this for apartment construction in decades, and there are 193,000 units under development, not a small number given there are 2.2 million existing units nationwide. Those units will be occupied this year and next, which is helping drive down rents. There are also another 140,000 units under construction, half of which could end up in the rental market.



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