Dictionary of Business Terms: overbuilding
overbuilding
a situation in a given area where there has been more real estate construction than the market can economically support.
Dictionary of Real Estate Terms: overbuilding
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.
