Re:Apartment Rents Fall as Crush of New Supply Hits Market
by mschuster91 on Wednesday March 01, 2023 @03:40AM
(#34980120)
> 4br isn't exactly a common scenario in the apartment market.
On the builders side maybe not, because it's less profitable to build a highrise or large block with few but large units that have low churn and so less opportunities to raise rent.
On the demand side however? Completely hot market, because families want their children to have separate rooms (a fact that has been correlated with learning success even in 2006 [1], and most obviously during the pandemic years). A 3BR is barely enough for a family with two children, but now with the rise of home-office/fully remote work you'll need a 4 or even 5 BR simply to have enough room.
On the builders side maybe not, because it's less profitable to build a highrise or large block with few but large units that have low churn and so less opportunities to raise rent.
On the demand side however? Completely hot market, because families want their children to have separate rooms (a fact that has been correlated with learning success even in 2006 [1], and most obviously during the pandemic years). A 3BR is barely enough for a family with two children, but now with the rise of home-office/fully remote work you'll need a 4 or even 5 BR simply to have enough room.
[1] https://taz.de/Enge-macht-dumm/!409005/