While condo conversions benefit multifamily owners by shrinking the supply of apartments, condo buyers are typically renters, so conversions won't necessarily lead to a jump in occupancy rates. (nreionline.com)
People are keeping their phones for longer periods, shrinking the supply available in the used market and pushing up prices. (fortune.com)
When you take away the urban and suburban areas you further shrink the supply. (re-insider.com)