Wall Street Journal: "New Luxury Rental Projects Adding to Rent Squeeze"

Wall Street Journalist Laura Kusisto writes: "A focus by builders on high-end apartments helps explain why rents are soaring across the country."

While some developers worry that the current construction boom could eventually result in overbuilding at the high-end—which could put downward pressure on rents for all types of apartments—there is considerable angst among city officials and housing advocates worried that the middle class is getting squeezed.

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