MPF Research believes that job growth in 2015 will continue to support long -
term apartment supply expansion and revenue growth for the nation's largest metros.
Not exact matches
It calculated that by reducing
supply, Airbnb activity had in fact increased median long -
term rent in the city by 1.4 percent over three years «resulting in a $ 380 rent increase for the median New York tenant looking for an
apartment this year.»
That study calculated that by reducing
supply, Airbnb activity had in fact increased median long -
term rent in the city by 1.4 percent over three years «resulting in a $ 380 rent increase for the median New York tenant looking for an
apartment this year.»
«Owners who list their
apartments for short -
term stays essentially are removing those units from the rental market, reducing the
supply of housing and pushing up the cost of what remains, according to the report [here].
New Yorkers who do not occupy an
apartment on a short -
term basis take those units off the rental market, shortening
supply.
The report says that when people put up their
apartments for short -
term stays, they are basically removing them from the rental market, lowering the housing
supply and increasing the price of units that are still available.
In the face of moderating job growth... despite the massive amount of
supply identified for delivery in 2017... even though several large metros are expected to remain in negative rent - growth territory... Axiometrics
apartment market data is resulting in a forecast that shows annual effective rent growth in 2017 matching the long -
term average.
The long -
term trends of demographics and
supply may keep the
apartment market roughly in balance as long as two years into the future, when
apartment projects planned today are likely to finally open.
Apartment developers follow the same fundamentals as the Beer Game by forecasting demand in
terms of future
supply.