Are Luxury Apartments Sustainable In Huntsville?

Alabama News Center | March 11, 2018 @ 5:00 am

By Kathryn RickmeyerAlabama Center for Real Estate

The multifamily market is hot. Rents continue to rise, occupancies remain strong and the development pipeline seems to be all but slowing down.

Huntsville is no exception.

In Huntsville, nine of the 13 multifamily developments in the pipeline — planned, prospective or under construction — are luxury, A-class projects totaling 4,133 units. The market had two apartment projects completed in 2017, bringing an additional 257 units online.The continual push in the pipeline in Huntsville and other markets has some analysts concerned about the sustainability of these discretionary assets.

Please visit Alabama News Center for the Full Article

Category: ALL POSTS, Partner News Stories

About the Author (Author Profile)

Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.