Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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10 Largest Cities In Alabama -- The Rocket City (Huntsville) Ranks Number 1

10 Largest Cities In Alabama -- The Rocket City (Huntsville) Ranks Number 1

Nestled in the Appalachian region in northern Alabama is the majestic city of Huntsville, the state's most populous city. It encompasses parts of Madison, Limestone, and Morgan Counties but is the designated seat for Madison County; and a former capital city. Nicknamed "Rocket City," the Redstone Arsenal was erected here during World War II by the US Army. However, a significant population boom occurred after the war when the Redstone Arsenal turned to space exploration, focusing on rockets. This leap forward brought forth the NASA Marshall Space Flight Center, the United States Army Aviation and Missile Command, and even the FBI's operational support command center to the city. Huntsville continues to grow and, as of the most recent census, has a trajectory to expand by 1.60% annually.

Reference: www.worldatlas.com

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