Lack of housing and sky-rocketing costs, continue to hamper companies looking for new site locations and have caused many to re-evaluate their site selection decision, according to Bisnow National.
“Affordable housing and lack of inventory are at the forefront of industry discussions today,” said John Boyd, principal of The Boyd Co., a national site selection firm.
He said it can hold up planned relocations for 18 to 24 months until adequate housing has been completed. He expects the issue to worsen as rising interest rates and inflation conspire to make housing affordability more challenging over time.
Commentaires