High supply is an issue in the multifamily market – but The Beach Company isn't necessarily sinking in it.
Dan Doyle, senior vice president, and chief operating officer of the firm, said that he's seen multifamily turn into a "concession-driven market" in recent months.
The oversupply is leading to longer leasing periods and hesitancy in relocating after the term ends, according to Doyle, who will speak at GlobeSt's multifamily conference in LA in October.
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