Supply expansion and operating scale systematically negate the rent-raising effects of localized market power.
Although institutional concentration grants operators localized pricing power, their industrial-scale cost efficiencies and net additions to housing supply ultimately drive average rents down.
The same conclusion keeps arriving from across the workspace's research — 1 topics independently instantiate this theme. Filter the evidence by where it came from:
This reveals the underlying cost advantages, from bulk procurement to efficient internal property management, that allow institutional platforms to operate far more efficiently than fragmented competitors.
This supports the thesis that institutional scale and supply expansion lead to a reduction in local rent rates.
This illustrates how institutional supply expansion through BTR projects offsets the upward pricing pressure of their localized market power.