The multifamily supply wave cresting over many U.S. markets arrived late to Providence, but developers are building apartments at a rate not seen in decades. New units could top the 1,000 mark when 2018 is over, blowing past any single-year total in either this cycle or the last.

This high point has been years in the making, as light inventory growth from 2011-2015 allowed vacancies to plunge and landlords to bump rents at increasingly aggressive…

Article From: "Key Realty Commercial Real Estate News"   Read full article