Big changes are coming to the rental market! Developers are capitalizing on relaxed zoning laws and investor interest to build taller and bigger apartment buildings. Discover how this trend is reshaping the rental landscape. https://bit.ly/3wyRAIP
Debra Powell’s Post
More Relevant Posts
-
Big changes are coming to the rental market! Developers are capitalizing on relaxed zoning laws and investor interest to build taller and bigger apartment buildings. Discover how this trend is reshaping the rental landscape.
Multifamily Development Upsizes on Height, Unit Counts
connector.voicestorm.com
-
Could transforming commercial real estate (CRE) structures—such as offices, retail spaces, and hotels into multifamily properties be the solution to increasing housing availability? The National Multifamily Housing Council, in collaboration with the Urban Land Institute, created a research report to discover if this is a plausible solution. Their report includes various case studies and outlines financial, physical, and other components for real estate developers to consider when converting an underutilized CRE structure into a multifamily property. Learn more ➡️ https://hubs.ly/Q02q8bYs0 #commericalrealestate #multifamily #CRE #propertymanagement #realestatedevelopers
Behind the Facade: The Feasibility of Converting Commercial Real Estate to Multifamily
nmhc.org
-
Passionate People Developer and Leader excited to have found my next chapter to serve and engage.
The rise of highrise living! With record pricing and limited housing inventory, renting remains a top choice for many Americans. Explore how developers are meeting demand with larger, taller rental buildings, transforming city landscapes in the process.
Multifamily Development Upsizes on Height, Unit Counts
connector.voicestorm.com
-
"The sizzling hot apartment construction market is starting to cool off. With rising interest rates and a shift in the rental market, many developers are hitting the brakes on new projects. Key takeaways: Post-Boom Pause: Apartment developers are facing a new reality after a period of rapid construction. Economic Factors at Play: Rising interest rates and a slowdown in rent growth are impacting profitability. Market Reassessment: Developers are waiting to see how the market adjusts before moving forward. Learn more: #CRE #CRENews #MultiFamily #Brokers"
-
-
This chart is really hitting home for me. It's from Mike Eriksen and Anthony Orlando. We took a few minutes to clean it up graphically. It shows the cost per square foot for multifamily buildings based upon the number of stories constructed. Super important to note that this is just vertical cost, no land costs, no impacts of parking (surface or structured) included in this analysis. We keep seeing announcements of towers being built or converted to affordable and attainable housing across Atlanta. This is the most expensive way to provide housing. So it therefore requires the most subsidy to achieve desired lower rents. Zoning reform that allows two and three-story missing middle would be the most cost-effective way to deliver more attainable housing options. You know what's more cost-effective than commercial buildings that have to conform to the International Building Code? Compact duplex cottages that meet the International Residential Code are always more cost-effective from a building cost standpoint. But again, zoning. It's all another way to say our current housing crisis is completely self-inflicted.
-
-
We need to reconsider the high-rise limit for residential buildings. The cost per sq. ft. is increasing due to added expenses at the current limit of 7 stories. The high-rise rules make sense, but it also makes sense to increase the limit. I agree with you, but I think we need all these forms of housing. One way to achieve that is by reworking building codes to align with the technological advances we've had in fire and life safety.
This chart is really hitting home for me. It's from Mike Eriksen and Anthony Orlando. We took a few minutes to clean it up graphically. It shows the cost per square foot for multifamily buildings based upon the number of stories constructed. Super important to note that this is just vertical cost, no land costs, no impacts of parking (surface or structured) included in this analysis. We keep seeing announcements of towers being built or converted to affordable and attainable housing across Atlanta. This is the most expensive way to provide housing. So it therefore requires the most subsidy to achieve desired lower rents. Zoning reform that allows two and three-story missing middle would be the most cost-effective way to deliver more attainable housing options. You know what's more cost-effective than commercial buildings that have to conform to the International Building Code? Compact duplex cottages that meet the International Residential Code are always more cost-effective from a building cost standpoint. But again, zoning. It's all another way to say our current housing crisis is completely self-inflicted.
-
-
This quite an interesting analysis, with the caveat that urban settings will push the number of stories required to make a project work financially to the high end. (As one astute commenter says, to spread the cost of the land over more SF.) Perhaps in an urban setting the 7 story building, which with current building codes in DC would be required to be Type IB, concrete or steel, could instead be Mass Timber? The value of a 7 story building, with the ease of construction of wood, and the speed of factory production for the structure. When DC adopts the 2021 building codes it could really expand city housing.
This chart is really hitting home for me. It's from Mike Eriksen and Anthony Orlando. We took a few minutes to clean it up graphically. It shows the cost per square foot for multifamily buildings based upon the number of stories constructed. Super important to note that this is just vertical cost, no land costs, no impacts of parking (surface or structured) included in this analysis. We keep seeing announcements of towers being built or converted to affordable and attainable housing across Atlanta. This is the most expensive way to provide housing. So it therefore requires the most subsidy to achieve desired lower rents. Zoning reform that allows two and three-story missing middle would be the most cost-effective way to deliver more attainable housing options. You know what's more cost-effective than commercial buildings that have to conform to the International Building Code? Compact duplex cottages that meet the International Residential Code are always more cost-effective from a building cost standpoint. But again, zoning. It's all another way to say our current housing crisis is completely self-inflicted.
-
-
Lowering the cost of housing, lowering the cost to be an incremental developer, and improving walking and alternative transportation safety. Win, win, win. How is it that the most desirable places in most cities are the areas with missing middle neigborhoods.
This chart is really hitting home for me. It's from Mike Eriksen and Anthony Orlando. We took a few minutes to clean it up graphically. It shows the cost per square foot for multifamily buildings based upon the number of stories constructed. Super important to note that this is just vertical cost, no land costs, no impacts of parking (surface or structured) included in this analysis. We keep seeing announcements of towers being built or converted to affordable and attainable housing across Atlanta. This is the most expensive way to provide housing. So it therefore requires the most subsidy to achieve desired lower rents. Zoning reform that allows two and three-story missing middle would be the most cost-effective way to deliver more attainable housing options. You know what's more cost-effective than commercial buildings that have to conform to the International Building Code? Compact duplex cottages that meet the International Residential Code are always more cost-effective from a building cost standpoint. But again, zoning. It's all another way to say our current housing crisis is completely self-inflicted.
-
-
The sizzling hot apartment construction market is starting to cool off. With rising interest rates and a shift in the rental market, many developers are hitting the brakes on new projects. Key takeaways: Post-Boom Pause: Apartment developers are facing a new reality after a period of rapid construction. Economic Factors at Play: Rising interest rates and a slowdown in rent growth are impacting profitability. Market Reassessment: Developers are waiting to see how the market adjusts before moving forward. Learn more: https://lnkd.in/gtSwCE-D #CRE #CRENews #MultiFamily #Brokers
-
-
The sizzling hot apartment construction market is starting to cool off. With rising interest rates and a shift in the rental market, many developers are hitting the brakes on new projects. Key takeaways: Post-Boom Pause: Apartment developers are facing a new reality after a period of rapid construction. Economic Factors at Play: Rising interest rates and a slowdown in rent growth are impacting profitability. Market Reassessment: Developers are waiting to see how the market adjusts before moving forward. Learn more: https://lnkd.in/gt-FxPJY #CRE #CRENews #MultiFamily #Brokers
-
