A situation in a given area where there has been more real estate construction than the market can economically support.
Overbuilding
| Business Dictionary: Overbuilding |
| 5min Related Video: Overbuilding |
| Real Estate Dictionary: Overbuilding |
A situation in a given area where there has been more real estate construction than the market can absorb within a reasonable time.
Example: In many cities in the 1980s, office space was overbuilt: there was more space than potential tenants wanted to rent; as a result, much space either went unrented or rented at unusually low rates.
Learn More
 | Demand |
| Buyer's Market (business term) |
| Commercial Property (finance term) |
Post a question - any question - to the WikiAnswers community:
Copyrights:
 |
 | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
|
| Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
ADVERTISEMENT
Mentioned in
- Demand
- Buyer's Market (business term)
- Commercial Property (finance term)
- Excess Rent
- D.R. Horton, Inc. (Public Company)
- Public golf courses (SIC 7992) (industry)
- Transportation equipment, not elsewhere classified (SIC 3799) (industry)
- Denver (American history)
- Railroad Rate Wars (American history)
- Sovran Self Storage, Inc.
- Chautauqua Movement (American history)
- Lincoln Property Company
- Richard B. Priory (businessman)
- Redrow Group plc
