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Everything Developers Need to Know About the Future of Shared Workspace
Despite the public struggles and subsequent bankruptcy of WeWork, the future of shared workspace has continued to evolve. WeWork, which once represented the vision of co-working offices that bring together freelancers, remote workers, and small office communities, has faced challenges from both internal disorganization and the rise of remote work amid the COVID-19 pandemic. However,
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Why You Should Pay Attention to the Accessory Dwelling Unit (ADU) Debate
Housing shortages in the United States are driving an increased interest in accessory dwelling units (ADUs) among cities, counties, and homeowners. ADUs, which have strong appeal as a housing option for young people, couples, small families, or seniors, are self-contained apartments, cottages, or other small residential units located on the same property as a separate
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Green Initiatives Shaping the Future of Mixed-Use Construction
Mixed-use development projects are a cornerstone of sustainable urban planning, providing high-density housing near transportation and promoting walkable communities. Green initiatives are continuing to shape the future of mixed-use construction, and your development team will want to stay out front of these trends. From Leadership in Energy and Environmental Design (LEED) certification to adaptive
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What a ‘Twilight Zone’ Recession Means for CRE Developers
Economists are predicting a potential “Twilight Zone recession” could occur in the next year, an odd scenario where overall growth and output decrease but employment remains stable. Recession conditions, even if unusual, will impact your commercial real estate development operations. By understanding the factors contributing to the current economic moment, and leveraging several key strategies
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The State of Tenant Improvement Projects
Over the last few years, tenant improvement projects have been on the rise as hybrid and remote work trends persist and owners face increased competition for office tenants. Landlords, in an effort to attract tenants and secure long lease terms, have started offering allowances, among other concessions, like free rent. Office leasing trends, which have
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The Shifts and Surges Multifamily Developers Should Keep an Eye On
Multifamily housing developments, or any property that houses multiple residential units within a single building or complex, have recently undergone a few surprising shifts and surges as an asset class. Earlier in 2023, less-than-ideal economic conditions seemed poised to complicate strong fundamentals, creating an unclear outlook heading into the next year. However, a rise in
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Office Space Trends: Key 2024 Trends for Developers
The outlook for commercial office real estate as an asset class will be mixed in 2024. Overall, demand for office space is in a continued decline, with the majority of employers in urban areas continuing to downsize and vacancies keeping rents low. However, many workers have returned to office in some capacity, and demand for
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The Real Estate Developer’s Guide to Yield on Cost
Yield on Cost (YOC) is a financial metric you can use to evaluate the performance and profitability of a real estate investment. By determining your project’s yield on cost, you can measure risk against potential return and compare the asset to other potential opportunities. The yield on cost is unique from other financial metrics in
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Seizing the Moment: Developers’ Opportunity in Affordable Housing
Housing shortages have sent mortgage rates and rents soaring across the United States, and in 2022, the median rent-to-income ratio reached 30% for the first time in over 20 years. The lack of affordable housing development in high-demand, job-rich areas is having a ripple effect across communities, causing an increase in rates of homelessness and