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High interest rates and big monthly mortgage payments are keeping build-to-rent popular.
Their cost and time savings are turning heads.
Meanwhile national fit out costs have soared to $1,930 psf for Biosafety Level 3 structures.
Also, hiring and wages continue to challenge the industry.
NAHB said it expects the data has "bottomed out" as of June, the 14th consecutive month of declines.
To name a few, skilled labor and the right infrastructure in manufacturing facilities are essential.
No market-rate units broke ground in Silicon Valley in H1 2023.
The conversion process isn't for every building, but it's worth evaluating possibilities.
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The due diligence process is critical for ensuring the success and sustainability of affordable housing projects.
But don't expect lab workers to disappear as robotic systems step in to help in life sciences labs.