neither supply nor demand are static

neither supply nor demand are static if you renew a building in a high demand area you're removing an abandoned/old property from an area, which makes the area "nicer", thus it becomes more attractive = more demand you're also probably will be renting more than the area average (it's a new construction now) imagine doing this in an almost central part of a high demand city so renting a building can actually bring prices in the area up instead of down still - more building is better!! it does put downwards pressure on the real estate prices - but you're looking in the wrong place. you should be looking at credit instead. i wrote an article to get you started here: https://illya.sh/threads/@1757632740-1.html