Developers: Rental Rates are on the rise!

Much has changed in the multifamily market due to COVID-19, including apartment sizes, amenities, and moving trends, but how do rental rates continue to change? Now four months into 2021, we notice the fluctuation of rental rates even within the same city.

Apartments experienced an unprecedented bifurcation of rental rates over the past year, showing extreme differences among neighborhoods […]

By |May 26th, 2021|Hotel Construction, Hotel Design, Hotel Development|0 Comments

Developers: Increase ROI with Opportunity Zones

Keeping up with trends and updates of 2021, today I talk about a term used in development—Opportunity Zones. Not sure what it is and how you can benefit from it—read on!

What is an Opportunity Zone?

An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.  Localities qualify as […]

By |May 19th, 2021|Hotel Construction, Hotel Design, Hotel Development|0 Comments

With Skyrocketing Lumber Prices—Consider Steel

Material shortages are a widespread concern for all U.S. industries—the multifamily building industry being one. According to the National Association of Home Builders (NAHB), the rise in lumber prices in the past year has added $35,872 to the price of an average new single-family home and $12,966 to the market value of an average new multifamily home.

Skyrocketing […]

By |May 12th, 2021|Hotel Construction, Hotel Design, Hotel Development|0 Comments

Developers: Good signs for the hotel sector

Lately, we’ve talked a lot about multifamily products–this is where most of our work has been in the last year. We see an interesting trend popping up–over the last 4 weeks: a dramatic increase in the number of hotel projects moving again! It was certainly a rough 12 months for hotel development, but we see some great signs […]

By |May 6th, 2021|Hotel Construction, Hotel Design, Hotel Development|0 Comments