Multi-family housing and Urban developments are the hottest trends in the Southeastern U.S., Miami and Orlando Florida, to Atlanta Georgia and South Carolina. From Millennials to empty nesters, mixed use projects are growing for a diverse demographic. Mixed use projects are truly the new urban space, with options like biking to work, trendy restaurants within walking distance, a dog park next door, and several retail shops at your fingertips.
The Growing Trend in Urbanization
According to experts, cities with more than 10 million people residing in them or “Mega-Cities” will see major growth. The younger generations, Millennials and generation Xers, are choosing the lifestyle of socializing and working in the same area.
Today’s renters expect their environments to be useful and fun, from urban living spaces to modern office workspaces. Residents will look for well-balanced communities with high-tech amenities, hip restaurants, trendy shops, beautiful parks and close to public transportation.
Fresh Opportunities
The new renter is gravitating toward more than just a place to live, they are looking for an experience, an Urban lifestyle.
“These days, the charge toward single-family residences in suburbia has shifted to urban apartments and condos. City condo and apartment projects are booming, and they’re including a lot of retail space. One of the bright spots for new retail development opportunities has come from a surprising source, a surge in multifamily construction. Apartments have become the darling of the real estate industry in recent years thanks to high demand from renters and rising rents. New apartment and condo developments are popping up in metros around the country,” according to Franchise Times.
SWET Construction Group partners with owners of Multi-family housing and Urban Developments to increase their return on their investment. We offer competitive pricing, innovative practices, clear communications and a trusted partnership. We also provide insights, essential data, news and extensive information to better inform their clients and strengthen their market position.