Richard Campo, CEO of Camden, admits much of the company's strategy relative to occupancy and concessions depends
largely on job growth, something it can't control.
«This trend appears to be
largely demand - driven as economic and
job growth fell short of expectations for the first half of the year, and declining business confidence and investment no doubt was a contributing factor as recent uncertainty and global events have left businesses hesitant to make new commitments,» AvalonBay CEO Timothy Naughton said
on the company's earnings call this week.