06-23-2015, 10:42 AM
(06-23-2015, 10:17 AM)Spokes Wrote:(06-22-2015, 10:33 AM)BuildingScout Wrote: It is, which makes the article on the record about oversupply all the more ridiculous.
As prices go down on student residences, they will likely release units in places like Park, York and Metropolitan apartments, which are already family units. Thus transferring the oversupply in student residences to the general rental market.
It's particularly tight though if you don't want to live in a building geared towards students (I don't know your age/demographic).
There's definitely fewer buildings that aren't predominantly students.
Exactly. I'd like a place not too far from Uptown/Downtown in a building that isn't mostly students. There are units available meeting these conditions to be sure, but usually a mere handful. If you are willing to live by the highway or right smack on the middle of nowhere, the number of choices goes up substantially. Still vacancy rate of 2.6% is considered to be on the low side.