David vs. Goliath in 2024

[Craig Barragry]

The COS market has several 100+ unit projects coming online currently or in the near future. As someone who owns smaller multi-family in the area, I'm of course concerned about rent decreases and vacancy, but believe that the market will balance out in the medium-term and
remain bullish on the long-term prospects.

That said, I was thinking about what people think about large vs. small multi-unit renters. It seems they appeal to different groups: large properties tend to have more on-site amenities and be more modern, while smaller tend to be more unique and be more centrally located. While price is price, I wonder if the demand is somewhat different between the groups simply because those attracted to larger properties would never rent smaller or vice versa?