This confirms earlier work by Evan Mast demonstrating new construction puts downward pricing pressure on existing rents: https://www.upjohn.org/research-highli

This confirms earlier work by Evan Mast demonstrating new construction puts downward pricing pressure on existing rents: https://www.upjohn.org/research-highlights/new-apartment-buildings-low-income-areas-decrease-nearby-rents https://www.upjohn.org/research-highlights/new-apartment-bui... Intuitively this makes sense. People predominantly decide move to city/area because of a job, not because of a shiny new apartment building. New construction is a reflection of a high demand area, not a cause.