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Gensler Principal and Studio Director Steven Paynter sat down recently with financial news service Marketplace.org to detail his firm’s year-old proprietary office conversion metric, a unique tool that has become indispensable as the industry looks to position itself for the mass-scale... View full entry
New economic reporting compiled by Yardi Matrix suggests that apartment conversions will yield 122,000 or more new units in the United States in the coming years despite a recent turndown that’s been recorded in the market since January 1st. RentCafe has the latest data analysis to highlight a... View full entry
Mayor Eric Adams opened a new window into his vision for building New York City out of the current housing crisis, with a riff on “dormitory” style accommodations [...]
During a conversation on Monday at the Greene Space, New York Public Radio's live events venue, Adams said he wants to 'do a real examination' of the laws that require windows in bedrooms — a major tweak that could make it easier for developers to convert empty offices into apartments.
— Gothamist
The Mayor’s comments in favor of window features found in Dormzilla-like residential design caught the ire of critics, who were quick to illustrate its potential fire hazards and physiological impacts. Adams’ suggestion seems a bit at odds with the city’s push to deliver better... View full entry
Anderton’s book provides further powerful evidence that density is not something to be scared of, but is fertile ground for architectural invention, creating more neighbourly, walkable communities, and ultimately making Los Angeles a more livable city for all. — The Guardian
The Guardian’s Oliver Wainwright joined Common Ground: Multifamily Housing in Los Angeles author Frances Anderton for a walking tour of select historic apartment buildings that included Richard Neutra’s 1937 Strathmore Apartments in Westwood (noteworthy as the first apartment Charles and... View full entry
[In] the last two years, looser regulations and the widespread adoption of remote working attracted even more people to settle in the Sunshine State. As a result, newcomers found themselves competing with those who were already hunting for apartments in the area, making Miami-Dade the hottest area for renting in the U.S. — RentCafe
Nationwide, an average of 14 people were said to be competing for each vacant apartment unit, which remained on the market for an average of 32 days. Miami-Dade County was joined by four other Florida rental markets in the top 20 despite adding a total of 34,000 new dwellings within the calendar... View full entry
In the last two years, apartment conversions jumped by 25% compared to two years prior. More precisely, this increasingly popular real estate niche brought a total of 28,000 new rentals in 2020-2021, well above the pre-pandemic years of 2018-2019 when 22,300 apartments were brought to life through adaptive reuse. — RentCafe.com
The new data set from real estate researchers Yardi Matrix gives some additional context to the information in yesterday’s 2022 AIA Firm Survey, which said that almost half (48%) of all projects currently being pursued by U.S. firms involve the renovation, rehabilitation, extension, or... View full entry
According to a new study by storage space marketplace StorageCafe, four of the top five most active downtown areas for new apartment construction are in the South, with Atlanta, Georgia ranking first for built downtown apartments over the past ten years. The city yielded over... View full entry
According to a new report by apartment search website RentCafe, New York City is projected to deliver the most newly-built apartments in 2022, claiming the top position for the first time since 2018. Despite pandemic-induced setbacks in the last two years, New York City is expected to... View full entry
“Given the dire shortage of affordable housing in London and the valuable real estate occupied by the Trellick, it is almost certain that someone will build on the site in the future. But residents would like their say. [...] Many fear the build would only attract more developers to the surrounding neighborhood, spoiling the character of the site.” — The New York Times
This fall, residents were able to halt a Haworth Tompkins scheme for a new 16-story tower block in the place of its demolished nursing home that would have obstructed sightlines, a graffiti wall, and exterior views of the Grade II* listed structure. Some units have already been converted into... View full entry
Almost 60 years later, Balfron’s streets have been scrubbed up and the residents’ facilities turbo-charged, but the kind of community that Goldfinger imagined has long since been evicted [...]
Where once Balfron looked out over declining docks, it now winks across the Thames at the towers of Canary Wharf, whose bankers are a target audience for the new flats, which went on sale this weekend.
— The Guardian
A spokesperson for the developer told the Guardian critic that the prospective buyers have mostly been well-to-do architects and design-hip young professionals thus far. Up for grabs is the famed Bond villain namesake Goldfinger’s personal apartment on the top floor, along with the five other... View full entry
Work has been completed on Sluishuis, a residential project in Amsterdam by Bjarke Ingels Group and Barcode Architects. The scheme, which comprises 442 homes, a public green roof garden, and maritime jetties, is defined by a cantilevered form meeting at a high corner. Photograph © Ossip van... View full entry
The total number of short-term rentals of entire homes in the city’s five boroughs -- those listed on Airbnb Inc. and Expedia Group Inc.’s Vrbo -- is more than 13,000, according to third-party data tracker AirDNA. Meanwhile, rental inventory in Manhattan, Brooklyn and a portion of Queens hovers just over 7,500.
The vacancy rate in Manhattan sat at just over 1.5% last month, the second-lowest level on record, according to appraiser Miller Samuel Inc.
— Bloomberg
Adding to the all-too-familiar notion that short-term rentals have the ability to destroy the livability of a place in its entirety, new data from Douglas Elliman and AirDNA making the rounds today indicate a record-setting shift in the dynamics of urban life as the number of hosted retreats in... View full entry
Highly popular due to their location and vibrant amenities, urban neighborhoods around the country have seen a boom in new apartments in the last five years. In fact, the top 20 most active neighborhoods — led by Downtown Los Angeles — have delivered a staggering 80,000 brand new rental units. — RentCafe
Downtown Los Angeles’ 10,136 new dwellings were followed by a distant second Midtown Atlanta, which had 5,936, and the formerly working-class Hunters Point neighborhood in far western Queens, which trailed Atlanta by a few hundred at 5,423. Los Angeles is currently looking to add more than... View full entry
The latest building adaptation report from the American Institute of Architect (AIA) highlights steps that building owners and designers can take to retrofit existing multi-family homes for pandemic occupation. Following recently published guides for schools, offices, and hospitals, AIA has issued... View full entry
A new 443-unit apartment building designed by David Baker Architects (DBA) was recently completed in San Francisco, filling in a growing section of the city's Design District and South of Market neighborhoods. The dynamic apartment complex, known as 855 Brannan, sits on a 4.3-acre site and... View full entry