On this podcast Julie Appleton and Tom McGovern from Realogy Holdings join us to discuss commercial real estate leasing, and how the both the process and physical leases have morphed due to pandemic pressures.
Gentrification is a controversial topic in many markets in the U.S. because it can significantly impact specific areas and residents in those communities. According to Million Acres, some of the poorest and most distressed urban neighborhoods across the country have experienced revitalization via gentrification and redevelopment. That has been accomplished through national and local tax incentives and resulted in billions of dollars in development funds, and municipal grants flowing into those improvements. Gentrification might seem like an easy solution for struggling cities, but there are many complicated factors to consider. In this article, we explore the positive and negative impacts of gentrification on real estate markets, and what investors and government officials should consider when looking to gentrify an area.
Photo: Download Images
Photos: Download Images
Photos: Download Images
The significant spike in build-for-rent demand has made the single-family residential rental product the fastest-growing trend in homebuilding today. According to the Pew Research Center, more U.S. households are occupied by renters than at any point since the 1960’s. In fact, a new survey from Apartment List found that 18% of millennials expect to rent forever, up from 11-12% in the prior two years. As explained by the Atlantic Business Journal, one of the main reasons people rent, especially millennials and Generation Z, is because they can’t afford to purchase a home in their desired area. Additionally, most major cities lack affordable multiunit housing solutions due to zoning and density restrictions in popular areas. In this article, we discuss the build-for-rent model, the reasons why BFR has emerged as one of the most popular trends in real estate, and how the COVID-19 pandemic has impacted the BFR space.