Posted Jun 13, 2017, 11:53 PM
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somewhere in-between
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Join Date: Dec 2008
Location: The Zoo, Michigan
Posts: 3,530
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In West Michigan...
Quote:
Apartment concerns aside, commercial real estate outlook remains strong
by Nick Manes | MiBiz
June 11, 2017
Stakeholders in West Michigan’s commercial real estate and construction industries remain generally upbeat as they look toward the second half of the year. However, they share concerns about one of the region’s key sectors: urban multifamily apartments. With minimal inventory and high occupancy, downtown Grand Rapids and its surrounding neighborhoods still have more than a thousand units under construction or in various stages of development. Apartment developers like John Wheeler contend that while their projects continue to garner significant interest from renters, they may encounter a different situation six months or a year down the road...
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Last edited by deja vu; Dec 20, 2017 at 4:06 AM.
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