This morning PTAA held its Industry Forecast Breakfast featuring a presentation by Real Data’s Charles Dalton. He shared lots of data, but probably the most important takeaway is this: demand will exceed supply for at least the next 12-18 months. That means, unless something unforeseen happens, we’ll likely see rents continue to rise and vacancy rates continue to fall.
You can get a copy of Real Data’s latest market report at www.aptindex.com
You can also read our blog post about the report here.