An important trend in the apartment market is happening that multifamily property managers need to be aware of. There is concern that developers have been adding too much inventory which is flooding markets with supply. This means vacancy rates will rise and rent growth will slow.
What does this mean for multifamily property managers? In cities where there is over supply, it will become harder to find renters. Your marketing efforts and having modern property management software will become even more important to stay competitive and profitable.
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From:: Property Management