81: America is Screaming for Affordable Housing, But No One Wants to Build w/Lu Chen and Thomas LaSalvia
On The Market
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Why Is the Supply Story the Way It Is?
Over the last two decades, somewhere between 80 and 90% of development within multifamily has been to class A type properties. And when so much of this capital is being devoted towards that type of housing, those are going to be higher rent places. Class A vacancy rates trend around 6%. Class BC vacancy rates Trend around 3, 3 and a half percent. That just shows you that difference of what's happening here.
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