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ByadminWritten by: Patrick Clark In 2007, Arlington (Va.)-based property management company AvalonBay Communities made a seemingly obvious decision. The company stopped accepting rent at its apartment buildings, and started making tenants send payments to a centralized office. Renters could put checks in the mail or use a new online system to transfer payments from one…
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Millennials will dominate the workforce by 2015 and will comprise 75 percent of the workforce by 2030, according to the U.S. Bureau of Labor Statistics. With the increase of millennials in the workforce, one would assume that the housing market will strengthen. Not quite. The dreams of graduating college, landing a good job, getting married,…
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What to Expect in Commercial Real Estate for 2015
2014 was the year for commercial real estate growth. Multifamily sector soared to new records, industrial demand outpaced supply, and retail transaction price were up significantly in various regions of the United States. So, while there may not be a magical crystal ball that can tell us how commercial real estate will fair in 2015,…