Five of the top 10 markets for commercial and multifamily construction starts in the first half of 2018 showed increased activity compared to the same period in 2017, according to Dodge, Data & Analytics.
Approximately 54.7 million sq. ft. in new office deliveries are projected for next year.
In 2018, less than 30 percent of the apartments scheduled to open are garden-style apartments, according to RealPage Inc.
For those in the real estate business it’s imperative to continue to adjust to trends that are attracting this younger demographic.
In many cases, new properties close to campus are drawing students away from properties farther out.
The most important thing developers and contractors can do to minimize risk is to include clear contractual roadmaps for addressing eventualities such as price increases on raw materials.
Real estate investors and developers need to keep in mind that California is due for a major earthquake.
