Decrease in New Supply Not Enough to Outweigh Demand Slide
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Decrease in New Supply Not Enough to Outweigh Demand Slide

The biggest impact of uncertainty and upheaval of the last few months has been the drastic reduction in multifamily demand. Depending on the area or the product type, either average occupancy or average effective rent may have been adversely affected more than the other – but net absorption decline has been the rule everywhere.