There’s lots of data out there to suggest that there is a correlation between urban density and housing unaffordability. Take Hong Kong. It is very dense, and also one of the most expensive housing markets in the world. But I think the real question is:… Read More
All posts tagged “rents”
Supply is up and rents are down in Sydney
The Sydney Morning Herald recently reported that an oversupply of apartments has started to put downward pressure on rents and upward pressure on vacancy rates in the city. Here are a few excerpts from the article: Sydney is in the grip of an apartment building… Read More
Why are apartment rents in Seattle dropping?
This week I saw it reported that in this decade alone, the Seattle area is set to deliver more new rental apartments than it did in the prior 50 years combined. And as a result, the sentiment is that new housing supply is finally starting… Read More
VIA 57WEST in New York starts renting apartments
Bjarke Ingels’ West 57th Street project in New York (developed by The Durst Organization) has just started renting apartments (March 1). Since I’m in the rental business, I thought it would be worthwhile to take a look at the rents – though I tend to obsess over… Read More
What should San Francisco do with the Tenderloin?
Recently Priceonomics posted a piece on San Francisco’s “rent explosion.” In it, was the infographic above showing the median rental rate for a 1 bedroom apartment in the city. The most obvious takeaway is that San Francisco is real expensive. In the core of the… Read More