Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.
Thursday, November 21, 2013
Trending In Multifamily: Amenities
In the commercial real estate multifamily market, investors are looking at quality assets in
markets where the existing job market is stable and the future of job creation
and job growth is on the horizon. Residents seeking multifamily housing in these markets are looking for amenities to match the
up-and-coming lifestyle of these healthy job markets. 2014 multifamily developments will continue to show the demand for amenities for future developments.
In 2014, it's expected that multifamily rental growth will
range from 2.5% to over 3.5% in some area markets. The Block Multifamily Group(BMG), a division of Block Real Estate Services, (BRES) sees the amenity trend, and is focused on assets built with a
variety of amenity packages that rival high end hotels. The idea is to keep your resident on the property by creating a resort-style feel. Bella Madera at Lake Lewisville, is the latest acquired BRES asset is designed to present all the amenities including: