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It’s the age-old developer’s trade-off.
In a market saturated with new apartments, building owners have a decision to make. You can either tolerate higher vacancy rates and hope they don’t last too long. Or, you can offer a month or two of free rent to get renters in units. Either way, in the long run, you’re hoping to have enough tenants to pay the rents you’ve based your whole project on.
Today, nine years into the multifamily market’s dramatic…
Article From: "Key Realty Commercial Real Estate News" Read full article