Next apartment development cycle has begun – Qualitas

Andrew schwartz, The CEO of Qualitas, a real estate investment management firm has suggested “shrewd developers” are buying up development sites, bracing for the next wave of apartment demand.

According to Mr Schwartz, there are many indicators that the new development cycle has already begun including low supply of apartment on the market, vacancy rates continue to drop in the inner-city and rents rising to record highs.

If you “Combine that with the return of immigration after two years of border closures – student numbers are already bouncing back – and its clear the next cycle is beginning. It has to,” He said.

As a result, Qualitas is doubling down on its investment on both build to rent projects.

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