As construction costs increase, developers are investing in prefabrication and modular construction for cost-effective ways to advance multifamily and other commercial developments. We asked our friend and colleague Cathy Schmidt, CEO at Fullerton Building Systems, to provide her thoughts on the advantages of (and changes in) prefabricated buildings related to commercial construction.
Development site selection: variables and process considerations
Commercial real estate projects include a myriad of variables, from vision and use to market and budget. Projects start with big ideas that are implemented through endless details. After understanding market dynamics and deciding on the product type you want to develop, selecting a site is one of the next steps in the development process.