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Though it might be profitable for developers, and ideal for high-income renters, for some tenants, the massive change toward luxury apartments could place downward stress on rents for all forms of apartments,” because the Wall Street Journal noted in its article brand new deluxe Rental Projects enhance lease Squeeze On one hand, a general escalation in lease costs is a legitimate economic concern, on the other hand, as new apartment supply comes on the market, older inventory slowly becomes more affordable.
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However, people who hope the building boom will provide shelter the huddled public come in for an awful shock: Three out of each and every four brand new apartment structures are luxury designs directed at high-end tenants. These amenities offer just a glimpse of just what separates Cirrus Apartments from other apartment communities in the region.
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