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You are here: Home / Bay Area Real Estate News / 2,100 New Apartment Units in the East Bay

August 8, 2013 by Peter Maclennan Leave a Comment

2,100 New Apartment Units in the East Bay

I have mentioned a few times that a number of new apartments are coming online in the near future. Today the SF Business Times confirmed that almost 2,100 units are under construction to be delivered this year.

For existing apartment owners this likely means that they can expect to see vacancy rates creep up especially for units that have not been modernized and that rental growth is likely to slow.

What do you think? How will this affect existing apartment owners?

 

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Filed Under: Bay Area Real Estate News, Contra Costa Real Estate

About Peter Maclennan

Peter Maclennan is a Real Estate Broker at Maclennan Investment Group, Inc. a real estate brokerage and advisory firm. From novice investors to institutional property owners Peter provides tailored service to his client's needs. Call him today to discuss your real estate need at (925) 385-8798 or visit him on the web at https://www.maclennaninvestments.com. CA DRE License#01801793

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