When demographic trends are easy to spot, oftentimes supply can react accordingly, according to Managing Director Dave Bragg. Instead Green Street focuses on negative demographic trends, which can hinder the prospects for future growth. In this brief video, Dave also discusses Green Street’s research on land use regulation as an important constraint on new supply. The New York market is not nearly as supply constrained as most people believe, while West Los Angeles is by far the most constrained market in the country.