Multifamily development is currently an extremely profitable CRE sector, with apartment demand strengthened by an improving economy and shortage of residential homes for sale. Rents for the third quarter of 2018 are up 2.9% compared to a year ago, and occupancy rates are hovering around 95.8%. A lack of affordable housing, particularly in large urban markets, also continues to be a challenge. One of the biggest uncertainties developers face in their multifamily investments is how much parking to invest in, with parking logistics sometimes being the difference between a deal working out and falling through.
To read the full GlobeSt blog about what considerations developers should take into account before embarking on a multifamily project, click here.
May 28, 2025
A PZR Report®, or a Zoning Report, is a detailed document that summarizes and analyzes the zoning classification and land use regulations applicable to a specific parcel of property. It is a critical due diligence tool used in commercial real estate transactions, development planning, and financing processes. Partner Engineering and Science, Inc. provides this service to current and potential commercial real estate clients. To learn more, check out our Partner Zoning Report service page.
May 16, 2025
Partner experienced significant growth in 2024 despite challenges in the CRE market, with annual revenue increasing to $334,204 from $279,640 in 2023 (19%). To support this growth and in anticipation of increasing demand, Partner increased its staff from 1,300 employees in 2023 to over 1,400 at present.
May 30, 2025
SBA SOP 50 10 8 Environmental Updates: What’s New Published April 24, 2025; Updated May 30, 2025, upon release of the SOP 50 10 8 with Technical Updates. SOP 50 […]
