New apartment complex in my area - good or bad

[Brody Newcomb]

A new apartment complex is being built in my area a few miles down the street from my current duplex. I like the area and was considering my buying another this year but am wondering how a new complex will affect my properties. I would love to believe it will increase rent because it will be luxury apartments but the additional units make me think it could reduce the demand therefore lowering rent. Lmk if anyone has experienced this or is currently in the tremont Ohio area as well.