Northspyre Blog | Real Estate Development

Why Every Real Estate Developer Should Pursue Fit-for-Purpose Design

Commercial real estate developers are known to pursue new projects based on community demographics and demand trends. When there’s a low apartment or vacancy rate in a community with rising rents, it’s generally agreed that the market can absorb a new apartment community, for example. While the actual analysis is a little more complex than looking at those two metrics alone, developers usually don't go beyond a general analysis of local demographics—and the property design and configuration...