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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Move FBI HQ to Huntsville? Idea appears to be suggestion, not mandate

Move FBI HQ to Huntsville? Idea appears to be suggestion, not mandate

The rider prohibits any money in the 2024 appropriations bill to be directed toward construction of a new FBI headquarters. The FBI has long been searching for a new site for its HQ because of the deteriorating condition of the J. Edgar Hoover Building in downtown Washington. The Huntsville campus has earned the moniker of HQ2, Sharp said, with 19 of the bureau’s 26 divisions having a presence at Redstone Arsenal. “It’s certainly not official,” Sharp told AL.com last year. “But definitely you could call it an unofficial second headquarters because all the footprint here on the north and south campus (at Redstone) are headquarters entities.

Reference: www.al.com

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