Are apartment developers backing off?
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Last year saw more new apartment units begin lease-up than we’ve seen in more than 20 years. So are developers backing off a little? Last fall we said developers planned to open 10,200 units this year and 13,400 units in 2015. We are in the middle of updating our development forecast, but let’s take a peek at how trends are emerging.
Transcript of Are apartment developers backing off?
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