CEO Insight
Aberdeen, South Dakota’s rich history as a bustling hub with a vibrant downtown provides a strong foundation for revitalization. Historic photos of Main Street from the early 1900s could easily be mistaken for scenes from Brooklyn, New York, of the same era. Understanding why the town moved away from this dynamic core, and lost its historical vibrancy, is essential.
In an era when the demand for attainable housing continues to outpace supply, sustainable workforce housing is a necessary and prudent investment decision based on three key market trends. Primarily, the demand for attainable housing is growing. Workforce rental housing is increasingly sought after, particularly given dwindling affordability and growing barriers to home ownership. Last but not least, generational demand contributes to the rise of sustainable multifamily housing.
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By making investments in needed improvements now, the commercial real estate industry could alter the course of climate change.
