Our recent countdown of the nation’s 10 busiest submarkets for apartment construction reported by MPF Research comes to a close with this overview of some of the themes that seem to pop up over and over.
One recurrent theme: character. Most of these submarkets have a personality of some sort, or are trying to create one, rather than being examples of generic suburban sprawl.
Many are urban neighborhoods once largely abandoned after dark, but now reborn as intriguing and hip places to live, work and play. As young professionals have drifted back into these city centers, retail, restaurants and modern mass transportation options have followed, along with developers creating interesting mixed-use projects.
Read more...MPF Research Wrap-Up: Top Submarkets for Apartment Construction