Research firms CoStar and MFP look at busiest markets for new apartment construction as a percentage of existing inventory.
Special considerations in adaptive re-use office projects range from drafting the lease document to projecting operating expenses.
Apartment developers took out fewer building permits in September, stymied by rising interest rates and construction costs.
New preferences, low affordability of new homes drive greater demand for apartment rentals.
CRE developers can use everything from old government facilities to brownfield sites to capitalize on the need for last mile warehouses.