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May 03, 2018

Case Studies

Analysts: Rental apartment boom won’t go bust

Just shy of 1,000 new apartments were completed and added to the south Westchester market inventory in 2017. The number is expected to jump to about 1,700 in 2018, said Kimberly Byrum, principal of Meyers Research, who also gave a presentation. The 2018 number is twice as much as her estimate of the area’s annual absorption, about 850 to 900 units.

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