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Developers Gain Optimism: What It Means for New Construction Activity
You might feel like every successful developer has a crystal ball with the ability to peek two or three years into the future and understand what a community will need. In reality, of course, there is no crystal ball. Instead, there are metrics and data (and a little bit of luck) to forecast trends that…
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How the Rise in Office Loan Defaults Will Impact CRE Development
Defaults on loan payments for unused office buildings are on the rise, as owners of Class B and Class C properties face dual headwinds from the ongoing prevalence of remote work and the high-interest rate environment. The commercial real estate firm Cushman & Wakefield estimates about 20% of office space is vacant at present,…
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6 Cities Affordable Housing Developers Should Target for New Construction
Commercial real estate investors and developers have expressed a commitment to addressing the nation’s affordable housing crisis. According to the National Low Income Housing Coalition, the US needs 7.3 million affordable housing units to meet current demand, but of course, some cities are suffering from a greater shortage than others. The coastal markets and major…
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The Rise of Live-Work-Play Communities: Redefining Urban Living
Live-Work-Play communities are on the rise in major markets across the United States, drawing in young professionals and families with affordable and community-driven living options. The asset class – a form of mixed-use development combining residential, office, retail, and leisure space – is considered the future of urban living. Developers will find unique opportunities in…
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The Multifamily Market Finally Shows Signs of Recovery
The multifamily market is undeniably the darling of the commercial real estate sector. Through the turbulence of the post-pandemic era, multifamily has outperformed other asset classes, with 95% occupancy and 4% rent growth in 2023. Still, the sector has also experienced its fair share of dislocation. Investment volumes fell 60% last year, new construction starts…
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Inside the Guessing Game: Interest Rate Predictions for 2024
In commercial real estate, interest rates are always a hot topic. In the many years leading up to the pandemic, investors and developers were absorbed with trying to guess when interest rates—which at that time had been at historical lows for an extended period —would increase. Today, everyone is trying to guess when they will…
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What Developers Should Know About Live Work Play Communities
The benefits and challenges of incorporating these communities into your portfolio.
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5 Ways to Manage Mixed-Use Development Costs
Mixed-use development has quickly stolen the CRE spotlight. The multi-use asset class is an opportunity for real estate developers to maximize the value of land sites and create dense, urban, and walkable communities for residents. Mixed-use projects also generate higher incomes than single-use assets — JLL estimates mixed-use developments pay nearly 25% more — and…
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Everything You Need to Know About Adaptable Design For Offices
The ongoing popularity of hybrid and remote work in the post-pandemic era continues to impact office buildings across the United States. Since the majority of Class B and Class C office space remains vacant, owners are looking for creative solutions, such as shorter lease terms for customers, tenant improvement allowances, or undergoing a dramatic conversion…