Concord Real Estate News (December 1, 2017) | Dana Estates Real Estate
Here are some of the latest Concord real estate news headlines. East bay apartment construction increases but delays have slowed things down. Bart is considering partnering with the city to turn a 9 acre piece of land it owns into new affordable rental housing. Finally, check out where Bay Area rents jumped the most over this last year.
East Bay apartment construction surges, but delays also common
Bay Area apartment construction has shifted to the East Bay from Silicon Valley, but delays have slowed the opening of new rentals in the sizzling market, according to a new study.
Analysts estimate about 20 percent of the new Bay Area apartments have been delayed, which could drive up construction and ultimately rental prices. Real estate analysts at Axiometrics figure at least 1,200 units expected to open this year will not reach the market until 2018. Read More…
BART, Concord eye vacant site for affordable housing
CONCORD — BART may partner with the city to bring much-needed affordable rental housing to a vacant property a few blocks from the downtown station.
The transit agency owns a 9-acre parcel between Monument Boulevard and San Miguel Road that sits just south of the Concord skate park. Although a canal runs through the property, city staffers believe at least part of it could be developed. Read More…
Here’s where Bay Area rents jumped the most over the past year
Online real estate company Zumper’s snapshot of the region’s real estate market reveals some surprising statistics about the areas seeing the highest rent increases. Read More…
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