The numbers show final construction figures for the year will beamong the lowest in years, first-half research from the Orlandooffice of CB Richard Ellis Inc. shows.
A total 3,670 multifamily units were delivered in the first halfversus 12,590 for all of 2000. In the pipeline are 7,800 new unitsbut there is no indication if they will all be delivered thisyear.
First-half absorption was 5,152 units compared to 9,387 unitsfor all of last year. That means a good portion of existing unitswill be rented by year end, based on an anticipated 12-monthabsorption total of possibly 10,000 units. Occupancy could be inthe high 90s.
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