Yardi Matrix Expects 320,000 New Apartment Units To Come Online
Yardi Matrix expects 320,000 apartment units to hit supply in 2017 and, almost all these apartments are expected to be high-end luxury Class-A units. New supply will be primarily concentrated in metros such as Nashville, Seattle, Miami, Denver, San Antonio, Dallas, Austin and Portland.
Experts predict that despite this strong supply, multifamily housing remains robust owing to demographics, job creation and household formations driven by strong Millennial demand and evolving lifestyle choices.
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