Apartment supply exceeds demand in only three U.S. markets

RealPage | September 23, 2019

The nations 150 major apartment markets have seen approximately 2 million new apartments built since 2010, but there's a problem. The number of renters in those cities have increased by about 2.5 million in that same time period. And with renting an apartment becoming more popular than it has in 20 years, that leads to many markets were demand exceeds supply. In fact, according to a new study from RealPage, there are only three markets among those 150 where supply has outpaced demand: Washington, DC, Miami, and Austin, Texas.

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Spotlight

Minimize data entry, maximize accuracy, and automate the process of appending property tax documents to tax bill payments with Avalara Property Tax for Enterprise.

With Avalara Property Tax for Enterprise, your business can avoid missing due dates, maintain outdated or slow technology, file in new and complicated jurisdictions, and manage costly resources.

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