Commercial practitioners in the multifamily space have special challenges communicating benefit. Dense urban areas present so many different factors that go into valuation to tenants and prospective investors that finding and highlighting the most important ones becomes critical.
At this month’s NAR Workforce Housing Forums, an interesting presentation by Center For Neighborhood Technology’s Jacky Grimshaw discussed the notion of affordability in a new way. CNT’s work over the past ten years has invented defined and refined the science of location efficiency. Centers of commerce and employment have seen over decades the migration of population to surrounding suburbs. What has allowed this to happen has been one thing above all others: transportation. It then follows that the links between work and home are key drivers of value for multifamily housing.