Seattle is one of the 10 most expensive places in the world to construct buildings — one of just two markets deemed to be overheating. That’s according to Turner & Townsend, a British professional services firm that specializes in program, project and cost management, which issued a new report this week that, among other things, looks at the per-square-meter cost…
A spike in permitting activity across several major markets helped revitalize national figures. During March 2017, total U.S. multifamily authorization activity rose 33.8% from February 2017 and 17.6% from a year prior, according to preliminary data from the U.S. Census Bureau. A total of 32,100 multifamily units were approved for construction by local governments across the country in March, bringing…
