A Closer Look at Soft Costs in Commercial Development

As part of our “series” breaking down commercial development costs, let’s take a closer look at the soft costs associated with the commercial real estate development process. What are Soft Costs? Soft costs are those that are not directly related to the physical construction of the building. Many of these costs... READ MORE

Affordable housing for minimum wage workers doesn’t exist

According to the report, fair market rent for one-bedroom rentals in 99 percent of counties in the U.S. are not affordable—with affordable defined as 30 percent or less of a renter’s income—for a full-time minimum wage worker; there are currently 1.8 million people making minimum wage or less. While the federal... READ MORE

Strong US Job Growth Seen as a Positive Sign for Commercial Property

The U.S. labor market’s addition of 224,000 net new jobs in June, blowing past expectations and marking the nation’s 104th month of uninterrupted employment gains, is seen as a positive sign for commercial real estate. The national employment report released by the U.S. Department of Commerce was surprisingly... READ MORE