While the pandemic had a negative impact on many areas of commercial real estate, it only heightened the need for affordable housing. In fact, while the retail and hospitality sectors suffered and are still struggling to recover, the multifamily
The pandemic catalyzed a new wave in demand for health and safety norms in multifamily housing. Renters are increasingly concerned that buildings are able to reduce the risk of airborne illnesses. Contractors are guiding the process by working with
The multifamily sector has not been exempt from the impacts of the pandemic. While the sector hasn’t been rocked in the same way as hotels and retail assets, multifamily has suffered from reduced rent collections, negative rent growth and
The pandemic may catalyze a boom in affordable housing construction in Southern California. Affordable housing was already in high demand before the pandemic, and the economic dislocation has only driven demand up. In addition, affordable housing typically outperforms traditional
One fact is clear as multifamily stakeholders plan for a post-pandemic future: controlling operations cost will be of the utmost importance. This means general contractors that can offer apartment developers innovative, cost-effective solutions that positively impact owners' and renters'
The wildfire season has been tough on California in 2020. Since the beginning of the year, more than 4 million acres have burned across the state and more than 10,000 structures were damaged or destroyed, according to the California