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What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher propertytaxes, insurance, and payroll costs. of existing supply, with another 38,000 of apartment units under construction (12.2% Meaning that margins are being aggressively compressed.
Louis Sullivan, the so-called father of high-rise construction design, once said: “The skyscraper establishes the block, the block creates the street, and the street offers itself as a riverbed to the stream of life that flows through the city.” CONDO NEWS Graystone has formally completed construction on its residential tower.
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