Survey: Developers Don’t Love Rent Control, But Like The ‘Certainty’ of New Law
John M. Tipton in San Jose Spotlight
Press Mention
2.14.20
San Jose Spotlight (February 14, 2020) Six months ago, developers were seeing major headwinds when it comes to developing new multifamily housing in Silicon Valley, but now confidence has jumped, according to a new report. Ironically, the reason confidence has now increased is the same reason some developers were feeling uneasy about multifamily building in mid-2019: rent control. “It seems counter-intuitive,” acknowledged John Tipton, a partner at Allen Matkins, one of the groups behind the report, called the Commercial Real Estate Survey, which is released semi-annually by prominent California law firm Allen Matkins and the UCLA Anderson School of Management. Read More
