Could the student housing boom lead to a bubble?

Student housing has been one of the bright spots in the multifamily construction sector in recent years. Demand for higher-quality housing on university and college campuses has led developers and builders, including Toll Brothers and Brandywine Realty Trust, to invest in new construction projects. But, as CoStar Group's Randyl Drummer writes, the boom in student housing, combined with lower-than-expected college enrollments, slowed preleasing, and rising university tuition, may be cause for concern for oversupply in the market.

READ DRUMMER'S FULL REPORT

The recently opened Michigan Central Station in Detroit is the centerpiece of a 30-acre technology and cultural hub that will include development of urban transportation solutions. The six-year adaptive reuse project of the 640,000 sf historic station, created by the same architect as New York’s Grand Central Station, is the latest sign of a reinvigorating Detroit.

Healthcare Facilities | Jul 11, 2024

New download: BD+C's 2024 Healthcare Annual Report

Welcome to Building Design+Construction’s 2024 Healthcare Annual Report. This free 66-page special report is our first-ever “state of the state” update on the $65 billion healthcare construction sector.

Transit Facilities | Jul 10, 2024

Historic Fresno train depot to be renovated for California high speed rail station project

A long-shuttered rail station in Fresno, Calif., will be renovated to serve as the city’s high speed rail (HSR) station as part of the California High-Speed Rail Authority system, the nation’s first high speed rail project. California’s HSR system will eventually link more than 800 miles of rail, served by up to 24 stations.

Government Buildings | Jul 8, 2024

GSA adopts new accessibility guidelines for federal properties

The U.S. General Services Administration (GSA) adopted a new rule with new accessibility guidelines for federal buildings. The rule establishes that pedestrian facilities in the public right-of-way are readily accessible to and usable by people with disabilities.

Office Buildings | Jul 8, 2024

Office vacancy peak of 22% to 28% forecasted for 2026

The work from home trend will continue to put pressure on the office real estate market, with peak vacancy of between 22% and 28% in 2026, according to a forecast by Moody’s.

Green | Jul 8, 2024

Global green building alliance releases guide for $35 trillion investment to achieve net zero, meet global energy transition goals

The international alliance of UK-based Building Research Establishment (BRE), the Green Building Council of Australia (GBCA), the Singapore Green Building Council (SGBC), the U.S. Green Building Council (USGBC), and the Alliance HQE-GBC France developed the guide, Financing Transformation: A Guide to Green Building for Green Bonds and Green Loans, to strengthen global cooperation between the finance and real estate sectors.

Codes and Standards | Jul 8, 2024

New York State building code update would ban fossil fuels in new buildings

New York’s Building Code Council is set to include the All-Electric Buildings Act in its 2025 code update. The Act would ban natural gas and other fossil fuels in new buildings.