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25

Multifamily Development Future in Modular Form

By Tony Seruga

Engage with a national audience at these upcoming events: RealShare INDUSTRIAL in Atlanta on Nov 3-4,RealShare NEW LEASE WEST in Los Angeles on Nov 11-12 and RealShare HEALTHCARE REAL ESTATE in Scottsdale, AZ on Dec 2-3.

Labor was noted as one of the biggest challenges in construction cost for multifamily development at RealShare Apartments. Panelists discuss one possible solution to the problem—modular construction.

LOS ANGELES—“Land prices are a highly inflationary environment in cities like L.A. lots of municipalities have added significant fees the last few years. But if you concentrate just on construction costs, the main issue we are having is a labor force issue.” That was according toDon Mackenzie, head of west coast development for UDR Inc…

Multifamily Development Future in Modular Form

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