3Q19 Excerpt: Leasing Strong, Outpacing Net Supply
3Q19 Witten Advisory Excerpt: The above chart shows that demand had been running at a yearly rate of about 200,000 units from 2015 into 2018. However, leasing soared late last year to an annual run-rate of 250,000 and has remained near that level for the past four quarters. More importantly, move-ins have surpassed net deliveries…