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Given the cost pains that commercial real estate construction has seen, some promise of lower prices in the foreseeable future are welcome. That’s what John Burns Real Estate Consulting is suggesting in a blog post.
“While housing starts have been steadily declining since February, our recent survey of more than 500 remodelers shows a slight remodeling decline ahead too,” the post read. “This means that building material demand will almost certainly decline next year at the same time that supply is finally catching up to demand.”
Cooling Single-Family Housing Market 'Detrimental' to Apartment Industry
STORE Capital Taken Private in $14B Deal
Summers: Recession in 2023, CRE in Good Shape to Sail Through It
Gen X Is Using Self-Storage the Most As Sector Booms
Lower Building Materials Prices Coming Says John Burns
Acquisition adds 107 remotely operated stores to the Extra Space Storage platform
CREW national event next week in Chicago a premier opportunity for education, networking and career-building.
It’s part of Placer.ai’s migration report’s trend toward rural states with spiking populations.
The Business Case for an Intelligent Digital Backbone in Multi-tenanted Commercial Buildings
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
Sponsored by Placer Labs Inc.
Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
2022 Multifamily State of the Industry Report
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
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