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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Aerojet Rocketdyne plans massive new 379,000-square foot defense facility in Huntsville

Aerojet Rocketdyne plans massive new 379,000-square foot defense facility in Huntsville

'Huntsville has been home to Aerojet Rocketdyne’s Defense Headquarters since its founding, and with this expansion of both talent and space, we’re pleased to grow our presence in the Rocket City,' said Eileen P. Drake, Aerojet Rocketdyne CEO and president. Aerojet Rocketdyne calls Huntsville its Inert Manufacturing Center of Excellence.

Reference: www.al.com

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