It can't be that urgent, or are they all inappropriate? Maybe fakes?
Or the landlords are too timid because based on their experiences the official clientele causes too much renovation effort, more people than usual move in (increased wear and tear) or also bother the other tenants more and these might then possibly reduce the rent.
If the rent and thus the income side is now capped, I would also filter out much more than before: first, there are more potential interested parties (less new construction) and second, there are tenants who cause less stress and are simply easier to manage (as landlords and for the apartment) and thus cause lower overall expenses.
Therefore, those who are already socially and financially better off are most likely to get an apartment. And they are happy that the rent is capped and can even afford more living space than expected. Which means even less living space is available, absolutely–and also relatively for those who are most dependent on it, anyway....
Otherwise, the offers in that price range are almost all apartments from the offerings of housing companies and cooperatives; there is always some turnover there as well. But 120 apartments, for what demand? Without that, it doesn't say much.