Unfortunately at this point in the real estate cycle, luxury is all that pencils. Urban land comps outpacing rent growth, skilled labor shortages, and an ever increasing pool of debt ridden millennials that “have” to have the walkable, live/work/play lifestyle with no actual cash savings has created a clusterfuck of a Multifamily market that desperately needs to correct itself from a consumer standpoint
Obviously from the rust belt. Have been wearing my *gently used calfskin ropers into a cre office for a good 5 years now receiving nothing but compliments
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Unfortunately at this point in the real estate cycle, luxury is all that pencils. Urban land comps outpacing rent growth, skilled labor shortages, and an ever increasing pool of debt ridden millennials that “have” to have the walkable, live/work/play lifestyle with no actual cash savings has created a clusterfuck of a Multifamily market that desperately needs to correct itself from a consumer standpoint
The 24 oz tall boys from street vendors in the quarter are way cheaper than beers in the actual bars
Obviously from the rust belt. Have been wearing my *gently used calfskin ropers into a cre office for a good 5 years now receiving nothing but compliments
Can’t imagine the amount of cold calls it takes in ones career to get to rep the site selection on this deal