MIAMI-It's hard to say many negative things about commercial real estate's multifamily sector, but Mark Humphreys, chief executive officer of Humphreys & Partners Architects, says that contruction costs, especially of wood-framed developments, have risen significantly. He spoke here recently at the RealShare Apartments East conference with Real Estate Forum's Sule Aygoren.
He touched on:
- How to mitigate construction costs of apartment buildings.
- The trend of shrinking multifamily units but increasing amenities.
- How urban cores across the country are becoming more like Manhattan.
- The changing age groups of renters and how it impacts apartment design.
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