The rental market has been robust the past few years. Recent indication of overbuilding seems to be in the early stages of weakness. REIS recent reported that rent rates continue to raise that vacancy rates have increased to 4.5% up from 4.1% on the 1st three months of 2016. Developers are beginning to offer incentives such as free rent in some of the hottest markets such as New York City. What this reveals is the typical supply and demand. New construction responded to the need for more apartments but overbuilding of new units is showing now that there is excess supply now coming to fruition

Tags: REIS, hot market, vacancy rates, apartment building, suppy and demand    

Posted: 4-08-2016 9:34PM EDT