Housing Affordability Crisis: How Startups & Local Governments Can Help | Nine Four Ventures
“Housing supply is constrained, particularly in dense core urban areas across the US [1]. Supply simply cannot keep up with demand. The lack of national wage growth combined with the student debt crisis simply makes rents unaffordable for many tenants. Yet, the way we live is changing – more and more people are moving to urban areas in search of work, education, etc. faster and with less savings.”
Stay Alfred signs lease to renovate Spokane units | Short Term Rentalz
“Stay Alfred now operates over 2,500 vacation rental units in 33 cities, having raised $47 million in venture capital funding last year from Chicago-based real estate firm Nine Four Ventures. The company says it plans to use the capital to expand its footprint into Europe and add a further 4,000 units in the next 12 months.”
Group Living Gets More Affordable, in 30 Square Feet | WSJ
“A new breed of companies offering shared accommodation for housemates are trying to tackle the question of how to deliver affordable housing to low-wage workers.”
How Apartment REITs Are Embracing New Technology for Tenants | Reit Magazine
“The National Multifamily Housing Council’s 2017 Resident Preferences Survey found that more than half of respondents were “interested or very interested” in smart thermostats, smart lighting, and smart locks, and were willing to pay about $30 per month on average for such features.”
Working from anywhere: the good, the bad, the lovely | Vox
“Depending on how you measure it, remote employees like these make up anywhere from 5.3 percent (those who typically work from home) to nearly two-thirds (who work remotely ever) of the US workforce, a number that has been rising since the advent of a reliable and robust home broadband connection earlier this decade.”
Has Modular Construction Reached a Turning Point in the Multifamily Sector? | NREI
“Modular construction experts say the technique can dramatically shorten the time it takes to complete a building and reduced the cost of financing the project. Though only a fraction of new apartment projects involve modular construction, the number of buildings created each year from modules continues to grow, as does the number of developers interested in the process.”
Top CRE Execs Answer 3 Important Questions On The Future Of WeWork | Bisnow
“It took eight and a half years for WeWork to climb to the top of the commercial real estate world, dominating the world’s biggest office markets and raking in billions in investment. It took less than two months for it all to come crashing down.”
