“In the old days, construction statistics and other important data were closely guarded secrets. Developers can now look at competitors’ numbers and tell at a glance if an area is becoming overbuilt.” From a Wall StreetJournal article about U.S. office markets, January 23, 2004.
Corgel, J. B. (2004). Is overbuilding risk declining? Evidence from hotel markets. Cornell Real Estate Review, 3, 63-72.