Almost every building has automated management systems today. While the Internet of Things—the network of physical objects embedded with connectivity—has transformed property management for the better, it has created new data security vulnerabilities, too.
February’s renewal rate among apartment tenants was the highest nationally in 10-years, MPF Research says. The increasing renewal rate, with 55.1% of renters choosing to re-up last month, comes even as rents continue increasing and more new product becomes available.
From a true lack of land to the extinction of the check-in desk in hotels, here are five coming trends that will change the face of commercial real estate we learned during our 2016 Development & Construction Forum.
Increasing the number of residents eligible to work is crucial in keeping Texas’ economy in growth mode — and education plays an important role in that.
Austin Independent School District is testing the market for 10 properties worth a combined $95 million, including its downtown headquarters on West Sixth Street.
Austin-based development company Legend Communities has big plans for the city’s near east side — literally! But those plans have not come without a dose of scrutiny by municipal officials and a dash of controversy from organizers within the community.
The City of Austin contributed $4M to Aldrich 51, a sign of the city’s dire need for more affordable housing communities that don't sacrifice a high standard of living. Mueller, on the site of Austin’s former airport, is a joint project between the City of Austin Economic Development department and Catellus Development that is planned to include 5,900 single-family and multifamily homes, at least 25% of which will be part of the Mueller Affordable Homes Program.
The new HQ, dubbed Lantana Ridge, consists of two three-story facilities totaling 175k SF at 7601 Southwest Pkwy in Southwest Austin. YETI was attracted to its location and nearby outdoor amenities.
Given the demand in pricey markets like the Bay Area, a new phenomenon is growing: When it comes time to move, middle-tier homeowners "increasingly find themselves looking down the housing ladder" toward houses priced in the lower third of the market.
Mall shoppers travel in groups and buy more than one product, reducing their environmental impact, while online shoppers return products more often, wasting packaging, the study claims.
By late November 2015, StratIS had at least one of its products in 72,000 multifamily and hotel units in between 250 and 300 buildings. Moorman tells BD+C that between 14,000 and 20,000 of those units are student housing built by American Campus Communities. StratIS’s products also found their way into student housing developed and managed by Campus Apartments.
In looking at the structure details and pretty investment packages, one starts to think, "this is a great investment," but it is important to take a step back and understand all the risks.