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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Orion Amphitheater redefines Huntsville’s- and Alabama’s- music scene

Orion Amphitheater redefines Huntsville’s- and Alabama’s- music scene

Ryan Murphy was looking for his next chapter. For the past decade, he’d helped elevate tertiary market St. Augustine Amphitheater into a must-play venue for big names like Robert Plant, Kendrick Lamar, Slayer and Blondie. Then, Murphy was presented with an intriguing opportunity in Huntsville, Alabama. He was pitched this idea of Huntsville being a smart Southern city on the rise, yet one without an amphitheater. Four years later, Orion Amphitheater was a reality.

Reference: www.al.com

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