Costar: Apartment Constructrion Boom Slowing Rent Increases as Market Shifts into Expansion Phase

According to a recent report from Costar, there is a “Wave of new construction expected to peak next year, pushing up vacancy and increasing competition for renters even as conditions continue to favor strong demand for apartments.”

Will the cycle of construction for new apartments extend into 2015? Will we see the return of free rent? These topics are covered in a recently published report on Costar.