Concerns with new construction near rental prop?

[Nadir M.]

If an older building I am trying to purchase has newer construction in neighborhood ie brand new massive apartment complex, is this something I should be worried about or something that will help me or can use to my advantage? I feel like it may steal some tenants that may have been interested in renting my units...i feel like the only way to compete is to lower my monthly rent right or maybe doing some serious rehab? Any thoughts? Thank you,