The delivery of new rentals will exceed net absorption of more than 3,100 rentals in 2014, raising vacancy 50 basis points to 6.3 percent; a decrease of 30 basis points occurred last year.Rents: The average rent will rise for the fifth consecutive year in 2014, advancing 2.5 percent to $915 per month, though new construction may lift concessions.

I ran a 2016 analysis back in January- it outlined the best time to buy or sell was for certain price brackets in Lubbock based on absorption rates.

I may install a laminate over the cork so I can protect the original hardwood and get better sound absorption. 

For a hold, I would also make sure that your rents are on target with at least 3 property managers and see what their absorption rate is (ie how fast it will rent).In your reno, I would recommend you budget to put in another full bathroom, that will help secure your ability to rent. 

Whenever you have a wet period that area will stay soggy because the soil will reach its maximum absorption capacity quickly without the ability to make it to subsurface fissures. 

You need to compare it against the absorption rate to find out how much supply is really there.

The report should include vacancy rate, rent rates, absorption rate, square feet under construction, and square feet in planning. 

Denver for example, has 3% of total office inventory, compared to 1.5% historically, with 5 million square feet of construction underway.According to CoStar, "The impending wave of new supply will have an impending ripple effect on demand fundamentals such as net absorption, occupancy and rental rates in several large markets in coming quarters."

I don't dissect their portfolios but with some of the recent extreme weather, turning attention to those markets that have had those types of events, which also means tapping into insurance claims to re-build, is a way to deploy product that has a higher rate of absorption.

Certainly, Class A is what can get overbuilt / over supplied over time and hence, those folks playing in that space need to watch metrics more closely that impact new constructions like absorption rates.