Time Delays And Increasing Building Costs Limit Multifamily Production
September 27, 2016

Time Delays And Increasing Building Costs Limit Multifamily Production

San Diego residential developers face a variety of challenges driving up building costs and rents, according to Sudberry Properties SVP Marco Sessa, who is among local developers presenting at Bisnow's State of San Diego's Multifamily Market event Oct. 19.

“It takes years to get approvals (in areas outside of Downtown),” he says, pointing out time is money. Meanwhile, developers' equity used to buy the land is tied up, and interest has to be paid to carry the loan. Pictured…

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Swinerton (Sept2016) SD PO 8879
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