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Young Professionals Have Returned to Cities, Impacting Rents

Pro Builder

The FTSE Nareit Equity Apartments index, which tracks publicly traded apartment companies, increased 42% since January 2021. Rents increased more than 10% over the course of the year, says Realtor.com, a dramatic change from the beginning of the pandemic when job losses rendered renters unable to pay, and occupancy rates dropped to new lows.

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Three interconnected solutions for 'saving' urban centers

BD+C

Andy Cohen, FAIA, IIDA Multifamily Housing Office Buildings Transit Facilities Coronavirus Urban Planning Many believe that cities are in trouble. Signal House, Washington, D.C. Office to residential repositioning at 1 St. They might be right. Photo courtesy Gensler So how can workplace design support this?

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Cracking the code of affordable housing

BD+C

Cracking the code of affordable housing 0 qpurcell Fri, 10/20/2023 - 09:03 Affordable Housing Perkins Eastman's affordable housing projects show how designers can help to advance the conversation of affordable housing. His team is writing guidelines for transit-oriented developments that incorporate affordable housing. “As

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PSMJ Resources Blog: MHC says starts rise in August; housing is.

PSMJ Resources

MHC says starts rise in August; housing is mixed; retail remains weak; industrial gains. New construction starts in August advanced 8%,” McGraw-Hill Construction (MHC) reported on Wednesday, based on data it compiled. ” Nonresidential building declined 8% year-to-date; residential, -5%; and nonbuilding, -4%.

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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Are You Ready for Build to Rent?

Pro Builder

More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. RELATED: This Modern Life: A New Era of Building Modern Emerges. And there are several investor groups of varying sizes clamoring to own and/or operate rental housing.

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

They also will be eligible to give property tax abatements for new development, allowing cities like Camden to spur development and compete with Philadelphia for private-sector jobs and residential growth. Aggregate tax credits available to qualified residential projects under ERG are limited to $600 million. Christie said.

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