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Now that the Airport Freeway construction is complete, office buildings along that freeway are beginning to record increased occupancy levels, resulting in attractive investment opportunities in the area.
Bellagreen is set to occupy a 3,500-square-foot space at the new shopping center on Bay Area Boulevard, which will serve as an integral component of the project being developed by Baker Katz.
However, Zillow senior economist Aaron Terrazas says the amount renters spent grew at the slowest pace in recent years, due both to rising homeownership rates and new apartment supply.
Seasonal hiring is largely responsible for this market's impressive job-growth numbers, which could cause wages to increase as well, according to Manpower's Phil Blair.
The report notes that while several new large public works projects have came on line this year, the residential housing sector in the borough has accounted for more than 50% of the construction starts in the first nine months of this year.