The Single-Family Rental Surge Is Squeezing Atlanta's Housing Market

Bisnow's audio series, Bisnow Reports, examines every facet of the international commercial real estate industry — from the murky future of retail and office to real estate’s reckoning with diversity to the effects of climate change on the built world, and so much more. You can subscribe on iTunes, Spotify and Amazon Music, or scroll down to listen in your browser.

The nation’s office owners are engaged in a serious courtship right now, hoping to woo the most important people in their life: their tenants. This Valentine's Day on Bisnow Reports, we are talking about the diminished allure of the office and how landlords are working to rekindle the spark to…

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They say you can’t escape reality, but lately, that seems more true about virtual reality. The metaverse is dominating headlines and could soon play a major role in the economy — Goldman Sachs and Morgan Stanley both reported they see $8T worth of opportunity in the space.…

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In Case You Missed It...

The spigot of venture capital funding and investments pouring into life sciences and biotech, which have supercharged the sector and the development of lab space, hit record levels last year — but experts expect the growth to slow down this year amid the broader dip in the markets. 

Venture capital funding for startups hit a record $43.3B last year, according to Newmark’s just-published year-end analysis, topping the record $29.9B haul from 2020. That represents a compound annual growth rate of roughly 21.3% over the last decade, an indication of the industry’s stratospheric growth and a symbol of robust future demand for lab developers.

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Turner Impact Capital CEO Bobby Turner said he has always believed that workforce housing can also be a business that generates solid returns. But it has to be done right, with an eye kept on controlling costs and making careful choices when it comes to location.

His Santa Monica, California-based firm just acquired the 1,155-unit Ellyn Crossing Apartments community in suburban Chicago for $137M, the firm’s fourth workforce housing buy in the metro area and the largest-ever Chicago suburban apartment sale based on number of units and sale price.

Many investors don’t see workforce housing — homes that aren't subsidized but are affordable to teachers, firefighters, postal workers and other essential employees — as a profitable enough business. That leads many to demolish such homes in favor of more luxurious units. Turner said he wants to help reverse that trend.

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