Quote:
Originally Posted by OldDartmouthMark
Has the market improved that much though? Aren't vacancy rates still quite low and monthly rents quite high? It would seem that there is still a lot of money to be made by landlords, and that this will be the case for quite some time.
That said, I'm not in the industry, so this if from a layman's perspective.
|
There's a bit of a slowdown. Financing is usually contingent on a certain expected rent roll. We already see some new builds offering significant incentives (anything but lowering rent, due to financing covenants) eg the Press Block.