Developers Favor High-End Over Affordable, RentCafe Finds
- May 25, 2016
By Nadia Balint, RentCafe
More and more trendy new apartment buildings are springing up in cities across the country. An unusually high number of upscale rental developments are being built at an unprecedented pace, redefining rental markets nationwide. The movement has spread beyond mature metro areas like Miami or San Francisco. The apartment construction focus has shifted significantly, and cities as small as Kansas City, Mo., or Milwaukee are emerging as the new markets for luxury.
In this special report, RentCafe takes a close look at which markets are seeing the greatest amount of luxury apartment development, and how that’s impacting their rental climate.