RentCafé: 87% of units delivered in 2018 are luxury

According to an analysis from RentCafé, luxury rentals, those that are Class B+ and above, dominate the multifamily market’s deliveries and they have been since 2015. As recent as 2015, three quarters of new apartment construction fell into the luxury category. By 2017 that number crept up to 79%, and so far, this year, it is looking like that number soar even higher.
Source: HousingWire Magazine