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Struggling to make multifamily projects profitable in today's market? Learn practical strategies from Bohler's Chad Riddle, MBA in this insightful article on achieving success despite tight margins. #MultifamilyDevelopment #RealEstate 

Are you ready to unlock the secrets of thriving in the multifamily housing market amidst challenges and opportunities? Dive into our blog to explore the rise of the renter-by-choice lifestyle, the allure of vibrant mixed-use communities, and the power of branding. Click here to read more: https://lnkd.in/eNtSB72Z #CHARLESGATE #Multifamily #NewDevelopment #PropertyManagement

Vancouver vs Texas: Multifamily Development Constraints Multifamily development in Vancouver is constrained by extended zoning and permitting times, high land and construction costs. Multifamily development in Texas is now constrained by over supply. Rents have fallen as developers deliver a high number of units. Zoning and permitting is faster than Vancouver allowing developers to quickly deliver housing. In an efficient economy rent growth falls as more supply is delivered. Investors are now hesitant to invest as developers aren’t meeting their return targets due to lower rents. Higher interest rates increased cap rates which has also reduced valuations and lowered developer returns. #multifamily #multifamilyinvesting #multifamilydevelopment #realestatedevelopment

In today's pricey development landscape, penciling out profits for #multifamily projects can be challenging. In 2024, we're seeing developers prioritize practical amenities and suburban locations over luxury and urban complexities. With limited room to raise rents, many are turning to affordable and workforce housing, leveraging incentives to offset costs and boost returns. Market-rate developers are adjusting their strategies, but face stiff competition from seasoned affordable housing specialists. To succeed, developers focus on cost-effective design, avoid unnecessary spending, and seek guidance from land development experts to navigate the complexities of development. Bohler's Branch Manager, Chad Riddle, MBA, outlines key strategies for achieving profitability in multifamily projects amidst soaring costs. Read more in France Media Inc. ⬇️

Discover how developers are navigating high costs and achieving profitability in multifamily projects with expert insights from Bohler’s Chad Riddle, MBA. Check out the article to learn more! #RealEstateDevelopment #AffordableHousing

Looking for ways to balance costs and profitability in multifamily developments? Chad Riddle, MBA from Bohler shares key strategies in his latest article. Dive in for valuable industry insights! #MultifamilyInvesting #MultifamilyDevelopment 

Struggling to make #multifamily projects work today? Catch Chad Riddle, MBA's insights on how the apartment market is trending and what successful developers are doing to keep moving forward. Bohler #projectsuccess #landdevelopment #justkeepswimming

The next installment in my Texas multifamily chronicles: https://lnkd.in/gzFRPvP2 For years, cities like Dallas and Austin have had some of the biggest apartment pipelines in the country. But with high rates and tons of competition coming online, the latest figures suggest that there will be a huge drop-off in new projects once the current wave is finished. I tried to figure out what that means, and which developers are taking advantage of that pause in development to zig where others are zagging.

America is a renters nation as the entry into home ownership is more difficult than ever. In addition, many young professionals are starting families later, choosing to prioritize mobility as it relates to their jobs, and seem to prefer the ease of renting versus maintaining a home. In contrast to the shift in America becoming a renters nation, rents on average are down year-over-year in the country. A lot of this has to do with the influx of new supply, particularly in the Sunbelt. One interesting trend is that smaller one and two-bedroom units are outperforming larger 3+ bedroom units. Per globest.com, the median asking rent for a studio / 1-bedroom apartment dropped 0.1% Y-O-Y, 2-bedroom apartments dropped $0.3% Y-O-Y, and 3+ bedroom apartments fell a staggering 2.4% Y-O-Y. Clearly, renters are choosing privacy and independence in a post-Covid world. Landlords are having an easier time renting out 1/2-bedroom units than larger units. Developers will continue to respond to this trend by building smaller units. To all apartment landlords, have you noticed this shift in renter demand? To my LinkedIn followers that rent an apartment, do you prefer the privacy of a 1-bedroom unit, or prefer living with others? #foodforthought

Housing Starts, Permits Rebound in February The rise in single-family housing starts in February are the highest since April 2022. In the South, combined single-family and multifamily starts are 15.7% higher than the previous month. #parkplacenetwork #newconstruction #realtor