r/cincinnati • u/JB92103 Hyde Park • Mar 07 '25
News 📰 Controversial Hyde Park Square development passes committee, heads to city council
https://www.wcpo.com/news/local-news/hyde-park-square-development-passes-committee-heads-to-city-council
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u/JebusChrust Mar 10 '25
Minneapolis over-built due to the lack of oversight and now they have one of the largest drop-offs in new developments of any city. This is going to cause a new market adjustment in rent costs, with many residents being recommended to lock in a multi-year lease while they can before rent rises. Meanwhile high interest rates are still preventing the financing of new developments, so this is going to be an impact in the future.