The Seven Top Markets for Garden-Style Apartment Construction
On a national level, there continues to be a huge demand for apartments that an average worker can afford. But developers today don’t build that many inexpensive garden-style apartments relative to the need for them.
That’s partly because many developers are most interested in urban locations, where expensive land often requires them to build more lucrative mid-rise and high-rise buildings.
“Developers are not building in the ‘burbs nearly as much this cycle. If and when attention returns to the suburbs, garden [apartments] will likely resurge,” says Andrew Rybczynski, senior consultant at research firm the CoStar Group.
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