Market Share

The Official Blog for Commercial Real Estate

Tag: affordable housing

Construction

Adaptive Reuse Apartments on the Rise Again

  • August 26, 2024
In 2023, the trend of transforming buildings into apartments saw a significant revival, nearing the peak levels of 2019 and 2020, as developers responded swiftly to the increased demand for housing after a two-year slowdown. The momentum for adaptive reuse is expected to continue, with an estimated 151,000 rental apartments currently being converted, including 58,000 from former office spaces.
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Hawaii housing

A Milestone for Affordable Housing: NAIOP Hawaii’s First Authored Legislation Becomes State Law

  • August 21, 2024
In a historic achievement, NAIOP Hawaii's Government Affairs Committee has successfully seen its first authored piece of legislation become state law. Act 31, which creates a new Affordable Housing Credit program under Hawaii Revised Statute Section 201H-38, marks a significant milestone in the effort to address Hawaii’s pressing housing crisis. This innovative program aims to incentivize real estate developers to build more affordable housing, addressing the dire need for such units in the state.
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Capitol building

Bipartisan Property Conversion Incentive Legislation Introduced

  • July 17, 2024
Just prior to leaving for this week’s congressional recess, Republicans and Democrats in Congress worked together to introduce bipartisan legislation furthering one of NAIOP’s top legislative priorities. The Revitalizing Downtowns and Main Streets Act (H.R. 9002) was introduced last Thursday with 12 original cosponsors – six Republicans and six Democrats, all members of the tax-writing House Ways and Means Committee.
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Multifamily Mastermind Joins Inside CRE

  • May 9, 2024
As CEO of Cityview, named the most active multifamily developer in Los Angeles by the Los Angeles Business Journal for the past four years, Sean Burton stays busy. He joined NAIOP’s Inside CRE podcast to share market fundamentals for multifamily development, the buzzy sub-sectors with the biggest momentum, and how Cityview is working to address the extreme housing shortage in L.A.
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Mixed-use building

How to Justify an Additional $25 per sq ft for Office Conversions

  • April 10, 2023
America faces a multipronged real estate crisis. We have a stubborn residential housing shortage, high office vacancy rates, and flight from many downtown hubs that is killing off businesses servicing those areas. Converting office towers into housing could solve multiple problems at once.
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2023 outlook

Three Real Estate Trends to Watch in 2023

  • February 22, 2023
Where will we see growth in 2023 for commercial real estate? Three trends to watch include initiatives to provide affordable housing, the reimagining of office and record demand for industrial real estate.
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