With A Recession Looming, Short-Term Rentals Provide An Option For Multifamily Developers

Posted by Staff Reporter on Aug 05, 2019 03:36 AM EDT
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With A Recession Looming, Short-Term Rentals Provide An Option For Multifamily Developers (Photo : pixabay)

A recession is coming. It's not a matter of if, but when. The degree to which the economic downturn will impact the real estate industry is debatable, although it's likely to affect all sectors in one way or another. With economic concerns as the backdrop, signs of preparation are everywhere.

Retailers are revitalizing brick-and-mortar outposts by creating "experiential" destinations to get consumers into stores. Residential condominiums and office buildings are amenitizing like never before, adding trendy food and beverage options and flexible co-working spaces to accommodate collaboration.

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