article thumbnail

Housing Market Pushes Buyers to Rentals, Intensifying Demand

Pro Builder

Housing Market Pushes Buyers to Rentals, Intensifying Demand. Demand in the rental market has gone a full 180 from last year as Americans return to cities as the economy improves and priced-out homebuyers search for apartment and single-family rentals. Today, the national housing shortage sits at more than 4 million homes,” he said.

Housing 52
article thumbnail

U.S. Metros Are Making Their Post-Pandemic Recoveries, and Rents Are on the Rise

Pro Builder

cities, rents are rebounding and even surpassing pre-pandemic rates after plummeting in the early months of 2020. Some New York renters who signed their leases at the start of the pandemic reported 30% to 40% price increases at the end of 2021, but not all rental markets are making equally strong recoveries, The New York Times reports.

Metro 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Moving Company Data Suggests ‘Abnormally High’ Rate of Relocation from Cities

Pro Builder

Regardless, some of the moves are likely to be permanent as evidenced by the number of renters giving up their apartment leases. Zillow data indicates that the national rental market has been disproportionately impacted in major urban centers, implying that renters are swapping one lease for another somewhere else.

article thumbnail

Business Report-New Jersey: Jet.com Expands HQ in Hoboken

Buisness Facilities Contributed Content

SJP Properties was represented in-house by Senior Vice President Peter Bronsnick. Pearson Education occupies 200,000 square feet to serve as the lead tenant of Waterfront Corporate Center III, which also houses collaborative workspace provider Regus. Jet launched in July 2015, bringing a significant number of jobs to Hoboken.

article thumbnail

‘I feel a lot better than I sound’: Val Kilmer opens up about his battle with throat cancer and his love life and admits he’s actually ‘very shy’ despite his famous former girlfriends that include Cher, Cindy Crawford and Angelina Jolie

Construction Test

At age eight, Kilmer started secretly smoking his uncle’s Pall Mall cigarettes in his tree house – a habit he deeply regrets. . Kilmer escaped the dreaded San Fernando Valley for New York City – where Marlon Brando, ‘the north star of my theatrical fantasies’, had studied 33 years earlier.

article thumbnail

Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

Valeant is in the process of determining where in New Jersey to locate the company’s combined U.S. One NJ option is a leased facility in Bridgewater; 274 jobs would remain in the state and 550 jobs would be created. NJEDA approved a significant Grow NJ award of up to $39.5 headquarters.

Zoning 47
article thumbnail

FEATURE STORY: The Story Of Storage

Buisness Facilities Contributed Content

Furthermore, the amount of security necessary to run a successful data center is enormous due to the highly sensitive information and pricey equipment housed in such storage units. The data center in Berkeley County currently houses thousands of servers to support services such as Google search, Gmail, Google+ and YouTube.