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
Post a Comment

More apartment complexes coming to Huntsville to accommodate population growth

More apartment complexes coming to Huntsville to accommodate population growth

More people are moving to Huntsville every week, keeping city planners and private contractors busy with trying to make sure there’s enough housing. ... Last week, the city planning commission approved even more apartment complexes to be built. But with so many complexes already being built, Madsen expects apartment growth to slow ...hopes the city and developers will switch their focus to developing houses that people can afford to purchase.

Reference: www.waff.com

Comments

Post a Comment

Popular posts from this blog

The Restoration of the Plush Horse - a Cool Space

The Restoration of the Plush Horse - a Cool Space A long time Huntsville fixture atop Golf Road, formerly known as The Plush Horse, was originally built as a circular country club perched above the city golf course... Reference: www.al.com MORE READING: You know you are from Huntsville, Alabama if you can ... Those were the days! Plush Horse Images
Read more

Katie Britt doubles down on U.S. Space Command HQ in Alabama: ‘There remains no doubt’

Katie Britt doubles down on U.S. Space Command HQ in Alabama: ‘There remains no doubt’ “There remains no doubt Redstone Arsenal should be home to the permanent Space Command Headquarters,” Sen. Britt (R-Montgomery) said in a statement. “Huntsville finished first in the Air Force’s Evaluation Phase and Selection Phase and had the most advantages in the decision matrix, a point I raised to Secretary Hegseth in our meeting prior to his Senate confirmation and something I know the Secretary of the Air Force will take into consideration once confirmed.” Reference: yellowhammernews.com
Read more

Trash Pandas Wrap Up Incredible 2022 Season

Rocket City Trash Pandas Wrap Up Incredible 2022 Season Rocket City leads Southern League in attendance, wins in second season. The Trash Pandas played a full 138-game Southern League slate in 2022, finishing with the best record in the Southern League at 81-57 to earn the team’s first playoff berth. The most meteoric team in Minor League Baseball brought an unrivaled fan experience to Toyota Field, with a team-centered product on the diamond that gave Rocket City ... Reference: Minor League Baseball
Read more