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Starts of new multifamily apartment buildings in 2024 have fallen dramatically to 2013 levels, according to an analysis of data taken from HUD and the U.S. Census Bureau from the Texas-based Madera Residential. Nationwide, there were a total of 804,000 units under construction by the end of... View full entry
A new report from the National Association of Home Builders has shown the average length of time it takes to complete construction of a multifamily dwelling was 19.9 months in 2023. The NAHB findings draw from the 2023 Survey of Construction (SOC) from the U.S. Census Bureau, which also... View full entry
This year will be the first year in U.S. history that more than 500,000 new apartments are constructed, according to a new analysis of the 2024 rental market from RentCafe. The trend, which is anticipated to abate slightly in 2025, may again resurface by 2028 with exceptions remaining in... View full entry
One major consequence of this difference in design is that the North American double-loaded corridor buildings are much worse at providing family-sized units. To illustrate the point, we’ll go through the different sized apartments one by one, and compare the floor area and design. You’ll notice that the American plans have significantly more floor area for the same number of bedrooms, and have much more lightless interior space up against the common corridor to fill. — Center for Building in North America
Stephen Smith is a former journalist and the Executive Director of the Brooklyn-based Center for Building in North America. His analysis of spatial challenges created by multifamily apartments and zoning conditions was featured recently in Bloomberg's Odd Lots podcast. This is an adroit relaying... View full entry
The balance of power in the market for residential conversion projects in the United States has shifted from offices to hotels for the first time, according to new statistics included in RentCafe’s latest market snapshot report for 2023. Per their analysis of Yardi Matrix data, 4,556 of the... View full entry
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
