ADC has been featured in Building Design + Construction 2017’s article “Bubble? What Bubble?”.
“Pay no attention to talk of a multifamily housing bubble. The ranks of potential renters and condo buyers are going up by a million a year, while only 400,000 new units are coming on line.
True, the Federal Reserve Bank recently cautioned lenders about a potential bubble in the luxury arena. In some cities—Miami and New York stand out—the high end of the market may be slowing a bit. But this might be just a temporary pause, as occupancy rates in luxury multifamily dwellings are at or near historic highs…”
Check out the publication here.