The Q1–2019 office vacancy rate for the DC Metro area was 12.9 percent, according to Commercial Observer. By comparison, the nationwide vacancy rate was 9.80 percent for the same quarter. More than 12 million square feet of office space was … Continue reading →
New York intends to spend $39 million per subway station for the next round of accessibility retrofits, which will add elevators and ramps. This is double what it costs to make a station accessible in London, five times what it costs … Continue reading →
More new apartment units are under construction in Miami as a percentage of the existing inventory than in any other city in the U.S. The 18,000 new units that are either planned or under construction amount to 10.8 percent of … Continue reading →
DC’s First Source mandate requires construction companies to give hiring preference to local workers if a project receives taxpayer dollars. Companies building qualifying projects of $300,000 to $5 million must hire 51 percent local residents, and those in charge of … Continue reading →
The Q3–2017 commercial construction composite index score was 73, only slightly below the previous two quarters (76 in Q2 and 74 in Q1). The 0-100 index, based on a survey of contractors, looks at three leading indicators – backlog levels, … Continue reading →
New construction triple net investment properties are commanding a premium, according to National Real Estate Investor (citing analysis from The Boulder Group). Net lease The medicine increases the time and a professional viagra male can become infertile. For example, if … Continue reading →
The prevalence of strip malls throughout the United States is partly due to government regulations, according to Scott Beyer, writing in Forbes. The regulations can prevent more dynamic downtown areas, reduce tax yield per acre, make cities less attractive and … Continue reading →
Multi-level retail is experiencing a renaissance of sorts, particularly densely populated cities such as New York. Here are some of the design and planning factors contributing to its revival: Starting interior retail one floor up from street level to prevent … Continue reading →
Built in 1981, the property at 2501 M Street NW is undergoing a conversion from a Class B office (with three floors of condos on top) to a 59-unit multi-family condominium building with retail on the ground level. PRP Real … Continue reading →
In 2016, half of all the capital investment in U.S. manufacturing was in chemical plants, up from less than 20 percent in 2009, according to Morningstar (citing Census Bureau data). According to the American Chemistry Council there are $185 billion … Continue reading →