According to a recent report by the UCLA Anderson School of Management, demand for multifamily housing in the South Bay appears to be beginning to wane. Developers are poised to pull back on new developments, particularly on higher end apartment construction, given the perceived pull back in demand. Non-luxury multifamily housing, however, is still in high demand throughout the South Bay and the Bay Area as a whole. The article also notes that there may still be opportunities for developers of lower cost apartment buildings given the constant demand for Class B and Class B multifamily housing.
Read the Original Article Here: Reports show rental cooloff for Silicon Valley