Labor availability continues to challenge apartment operators' ability to build new development or perform value-add projects. Whereas the saying goes: Real estate is all about location, location, location; today, it's more about labor, labor, labor.
Mike Clow, Executive Managing Director, Global Property Management, Greystar; and Jay Curran, President, Multifamily, Crescent Communities; discussed these trends as well as materials costs during a session at NMHC's 2022 Apartment Strategies Conference in Orlando.
The pair also focused on building types and trending markets.
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