Rent Versus Buy?
A recent RentCafe study shows the fastest-growing rent segment to be: high-income earners. Is it a sign of the times? Maybe. These high-income earners are enjoying the flexibility of leases and the ability to live in desirable areas without the commitment of a mortgage.
Seattle, Baltimore, and Charlotte have seen the largest increase in wealthy renter-occupied households.
Real Life Garage Band
Dog grooming stations, coffee bars, theater rooms, etc. are becoming common at multifamily units across the country. What’s next?
Try music-inspired amenities. Developers across the country are starting to incorporate recording studios, karaoke nights, and sound lounges.
Here’s what Will Casidy, VP of South City Partners had to say, “with the number of kids now recording their own music, podcasts and/or videos and disseminating a significant amount of digital content, a recording studio seemed like an appropriate and attractive amenity that catered to that trend.”
- Best Western just lassoed in World Hotels, which includes 300 specialty properties worldwide.
- Would you share a room with a stranger? German-based, Meininger Hotels will open its first hostel-hotel in the USA. The 154 room hotel will open in 2020 in the NoMa district of Washington, D.C.
- Payless bites the dust. The long-standing shoe retailer announced the closure of 2,300 stores.
- CBD is coming to a Simon mall near you. Green Growth Brands inked a deal with the Simon Group to roll out 108 stores over the next year. First stop…Castleton Square Mall in Indianapolis.
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