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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An Overbuild Afterthought | Huntsville Traffic and Parking Issues

Huntsville city leaders talk construction updates and traffic headaches

Rob Buddo of Downtown Huntsville, Inc. who has a background in city planning says that even though there are technically enough parking spaces, their location might not be the most convenient. “You’re likely not always going to be able to park right in front of a restaurant or in front of the park, you may have to walk a block,” Buddo said. “Overall, there will always be a parking space for you downtown.”

Reference: www.waff.com

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