{"id":167682,"date":"2022-01-31T14:17:20","date_gmt":"2022-01-31T19:17:20","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=167682"},"modified":"2022-01-31T14:17:20","modified_gmt":"2022-01-31T19:17:20","slug":"multifamily-developers-try-to-keep-pace-with-demand","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/multifamily-developers-try-to-keep-pace-with-demand\/","title":{"rendered":"Multifamily Developers Try to Keep Pace with Demand"},"content":{"rendered":"<h1>Multifamily Developers Try to Keep Pace with Demand<\/h1>\n<p>January 26, 2022 | Bendix Anderson | WealthManagement.com<\/p>\n<p>Developers are rushing to start construction on new apartments\u2014and so far, the demand for new apartments seems likely to stay high enough to fill them.<\/p>\n<p>Occupancy rates remain strong and rents are rising quickly for rental apartments. The biggest questions for developers are not whether enough renters will want to live in their proposed buildings. Instead many worry about whether construction delays will hurt their schedules or if rising costs will blow their budgets.<\/p>\n<p>\u201cBarring another \u2018black swan\u2019 event, there\u2019s still a ton of pent-up demand for newly-built apartments,\u201d says Jay Parsons, deputy chief economist for RealPage. \u201cInvestors continue to fund new developments, and we\u2019re likely to see another sizable increase in starts in 2022.\u201d<\/p>\n<p>Many apartment developments that start construction today are likely to be leasing units within a year or two. Those apartments should continue to benefit from strong demand from renters.&nbsp;<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat\" style=\"background-color: #33809e; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.wealthmanagement.com\/multifamily\/multifamily-developers-try-keep-pace-demand\">\u2261 Read Article<\/a><\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Developers are rushing to start construction on new apartments\u2014and so far, the demand for new apartments seems likely to stay high enough&#8230;<\/p>\n","protected":false},"author":3464,"featured_media":162324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-article.php","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2806,3010,2939,2817,2737,2965],"tags":[],"class_list":["post-167682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-class","category-asset-manager-news","category-commercial-real-estate","category-multifamily","category-offering-type","category-performance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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