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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Beware Huntsvillians, this could happen in your neighborhood

Beware Huntsvillians, this could happen in your neighborhood

I want to disclose a few of the key ‘lessons learned’ I garnered when an out-of-state developer purchased land and wanted to change the zoning classification to maximize their profit. ...multiple ordinances being violated both in Zoning and Slope Development. No formal documentation or analysis (e.g., meeting minutes) has been provided by the City Departments to support the decisions made by our city leaders

Reference: www.al.com

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