Co-Founder and Managing Partner of Matheson Capital - I buy big buildings for big dollars
According to CRE Daily, the average size of a new apartment has dropped by 6% from 2013 to 2022. They blame rising costs, but part of me can't help but think that the creeping uniformity that is taking over the apartment industry. All of the new buildings look the same and the financialization of the industry will probably keep pushing things in that direction. I wonder what the lower limit of apartment size will be? Will there be a day when complexes built around 2012 will be valued a little more due to the larger unit sizes? Only time will tell. #apartmentinvesting #realestateinvesting #multifamilyinvesting
Start your CRE investment business now 🔷 Multifamily and hotel owner since 2011 🔷 Training CRE Pros to launch their own business since 2016 🔷 Helping you invest passively in multifamily and hotel assets.
8moWe're definitely experiencing the homogenization of everything in the US right now. Everywhere you go, you see the same chain stores. The same restaurants. The new build apartments all look the same. Part of the fun of travel is seeing what's there that you can't get or see at home. But we're losing that. It's actually one of the reasons I've started rehabbing independent hotels. If you go to a new destination for vacation, do you really want to stay at the same cookie-cutter corporate hotel? Maybe some do, but not everyone. Some people still want local difference.