Household formation actually declined in these two metros
while apartment supply levels have generally remained the same.
Not exact matches
While there are certainly high rise luxury
apartments to be had in plentiful
supply, Jersey City is also graced with smaller and medium size management companies that own single family residences and rent them either whole or broken up into
apartments.
Also look for Northwestern Brooklyn, New York insurance companies that will
supply you with temporary housing or money to live elsewhere
while the
apartment is being fixed.
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.
Apartment buildings in beach communities can sell for 15 - 30 x's gross rents,
while buildings in Hollywood, where there is more
supply and less demand relative to an LA Beach Community, may only command 12 - 18 x's gross.
Conventional
apartment supply is designated by number of units,
while student housing
supply is designated by number of beds.
While demand for
apartments increased over the past year and a half, new
supply remained muted.
While MPF Research expects
apartment demand to remain strong in 2017, they believe it won't quite be able to keep up with
supply — resulting in a modest (70 basis point) drop in occupancy.