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How Will the Influx of Multifamily Supply Affect Rent Rates in 2017?

Apartment landlords can expect a dramatic shift in demand once a large amount of new supply hits markets later this year. Yardi Matrix reports 320,000 new apartment units will come online in 2017, the largest wave of new supply to hit this cycle...

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Forced to compete for luxury renters who have an abundance of options, landlords are lowering rents and offering concessions to appeal to renters.

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