-
How CRE Developers Can Accurately Predict Demographic Trends
Real estate development projects are driven by demographics. Where people live, travel and spend time, along with annual income, education, household formation and age, are all details that inform and shape a city’s construction pipeline. Often, developers need evidence of specific demographic criteria to merit a development thesis before land acquisition or ground breaking, and…
-
CRE Developers’ Guide to Transit-Oriented Community Incentives
Efforts to boost housing production and encourage sustainable communities often include transit-oriented development initiatives and incentives. Transit-oriented development (TOD) is a trend toward integrated urban spaces that allow for people, buildings, and public space to coexist, with easy cycling or walking access and transit service to job-rich city areas. In order to spur housing production…
-
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,…
-
How to Leverage Automation Across the Real Estate Development Process
When many Americans get home at the end of the day, they unlock their front door with a cell phone and turn on the house lights with their voice. Air conditioners switch on instantly, home assistants play music and the ovens begin heating up for dinner, all without touching a button. It’s all made possible…
-
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…
-
The Next Leap with Northspyre 2.0: Elevating Real Estate Development
Real estate development is a complex industry, requiring you to navigate a variety of factors, from shifting market conditions to zoning and regulatory standards to stakeholder involvement. Delivering projects on time and under budget is more difficult than ever amid modern development challenges like ongoing economic uncertainty, labor shortages, and supply chain disruptions. Northspyre’s…
-
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…
-
A Real Estate Developer’s Guide to Software
Over the last few years, the COVID-19 pandemic, macroeconomic conditions, and changing expectations around work and lifestyle have increased the need for technology across industries. In a McKinsey survey of 800 executives, 85% of respondents said their businesses had accelerated digitization. Though the real estate industry has been slower to adopt new technology in comparison…
-
How Project Managers Can Address New Supply Chain Disruptions
After almost a year of relative stability, the global supply chain faces new disruptions again. Recently, a severe drought affecting Central America and labor disputes affecting multiple West Coast ports have caused increases in import costs, shipping delays, and freight processing times. These new challenges represent the most significant supply chain challenges for commercial real…