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Consultant: West Allis could absorb roughly 1,300 new rental units over 10 years
Summary
A draft housing market study presented to the West Allis Community Development Authority found strong demand for market-rate rental housing and a modest opportunity for for-sale product; the consultant estimated about 1,300 additional rental units and recommended a studio/one-bedroom-heavy unit mix and targeted redevelopment parcels.
A consultant told the West Allis Community Development Authority that a draft housing market study shows the city could absorb about 1,300 additional market-rate rental units over the next decade, provided the right mix and competitive rents are offered.
Eric Dorschning, the consultant who presented the draft study, said West Allis’ proximity to employment centers, newer in-town developments and internal infrastructure give it a “very good rent value position” compared with some nearby suburbs. “West Allis can continue to absorb new construction apartments,” Dorschning said, adding the community can capture a disproportionate share of regional demand if new product is positioned correctly.
The report, distributed in draft form to authority members after the…
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