Any reference on this as it doesn't make sense intuitively. How does increasing supply increase price? I could see how this could have hyper local effects in UH

Any reference on this as it doesn't make sense intuitively. How does increasing supply increase price? I could see how this could have hyper local effects in UHCOL locations, where you attract foreign investment by virtue of showing a trend of increasing rent prices. This also probably happens only in locations where demand has far exceeded supply for a long time.