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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Sweet Home Alabama grant will pay entrepreneurs to live rent-free for a year

Sweet Home Alabama grant will pay entrepreneurs to live rent-free for a year

A new program to draw more talent to Huntsville will pay for out-of-state entrepreneurs to live in the city rent-free for a year. The Sweet Home Alabama Grant will fund the relocation of two entrepreneurs.

Reference: www.al.com

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