Even multifamily developers and owners are suggesting caution.
Not exact matches
In the
multifamily sector, vacancies will stay low
even though it's the one area in which
developers are still adding inventory.
For years,
developers have been starting construction on new
multifamily communities; meanwhile, demographers have said reassuring things about the demand for apartments, encouraging
developers to start construction on
even more new
multifamily communities.
Developers are starting more new commercial and
multifamily projects than experts anticipated,
even before the long, cold winter...
That's good news as
multifamily developers look forward to another busy year in 2018 with
even more new apartment properties scheduled to open.
«A very tight construction labor market is going to get
even worse,» says Bill McDonald, president and chief investment officer of Mill Creek Residential, a
multifamily developer.
But
even without them,
developers have been finding ample financing available for their
multifamily housing projects.