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2023-07-18 15:05:33 - Μετάφραση -

How Empty Offices Become Apartments In The U.S.

Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities. Declines in office activity are straining tax revenues for city services like education and transit, leading some local leaders to prioritize increased conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. east coast.

#CNBC #news #breakingnews #offices #apartments #emptyoffices #realestate #remotework #cities #office #developers #buildings #usa #mayors #city #gentrification

How Empty Offices Become Apartments In The U.S. Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities. Declines in office activity are straining tax revenues for city services like education and transit, leading some local leaders to prioritize increased conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. east coast. #CNBC #news #breakingnews #offices #apartments #emptyoffices #realestate #remotework #cities #office #developers #buildings #usa #mayors #city #gentrification

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2023-06-20 17:12:22 - Μετάφραση -

Why More And More Colleges Are Closing Down Across America

The mid-2010's saw an uptick in U.S. college closures—particularly in the private nonprofit space.
Since 2016, 91 U.S. private colleges have either closed, merged with another school, or announced plans to close according to a CNBC analysis of data from Higher Ed Dive. This trend is affecting tens of thousands of college students across the country, with almost half of those schools closing after the onset of the pandemic in 2020. For many struggling schools the pandemic was the final straw—but two major themes showed up consistently throughout the closures: finances and enrollment.

"There are two significant issues affecting higher education right now," said The Princeton Review's Editor-in-Chief Robert Franek. "Specifically, through the admission and enrollment offices. Number one, it is the admission cliff, and that is the impending decline. We'll be graduating our lowest high school classes by population in 2025. And most enrollment professionals have been wringing their hands about this date of 2025, but many schools have seen those enrollment declines already."
About 95% of U.S. colleges rely on tuition, according to Franek, meaning they rely on money from students to operate. Dwindling enrollment numbers mean less money, fewer student offerings, and eventually a shuttered institution.

"It's a reflection of, I think, an unsustainable operating platform, meaning a heavy reliance on tuition, which can't always keep up with inflation," said Fitch Ratings Senior Director Emily Wadhwani.

"It can't always keep up with erosion in enrollment. We can't keep hiking tuition sticker price in the hopes that the net residual once you account for scholarship and discounting and the like is gonna be enough to sort of offset your growing expense base."

#cnbc #closing #acrossamerica #erosion #hikingsticker #inthehopes #colleges #americaneducation #tuition

Why More And More Colleges Are Closing Down Across America The mid-2010's saw an uptick in U.S. college closures—particularly in the private nonprofit space. Since 2016, 91 U.S. private colleges have either closed, merged with another school, or announced plans to close according to a CNBC analysis of data from Higher Ed Dive. This trend is affecting tens of thousands of college students across the country, with almost half of those schools closing after the onset of the pandemic in 2020. For many struggling schools the pandemic was the final straw—but two major themes showed up consistently throughout the closures: finances and enrollment. "There are two significant issues affecting higher education right now," said The Princeton Review's Editor-in-Chief Robert Franek. "Specifically, through the admission and enrollment offices. Number one, it is the admission cliff, and that is the impending decline. We'll be graduating our lowest high school classes by population in 2025. And most enrollment professionals have been wringing their hands about this date of 2025, but many schools have seen those enrollment declines already." About 95% of U.S. colleges rely on tuition, according to Franek, meaning they rely on money from students to operate. Dwindling enrollment numbers mean less money, fewer student offerings, and eventually a shuttered institution. "It's a reflection of, I think, an unsustainable operating platform, meaning a heavy reliance on tuition, which can't always keep up with inflation," said Fitch Ratings Senior Director Emily Wadhwani. "It can't always keep up with erosion in enrollment. We can't keep hiking tuition sticker price in the hopes that the net residual once you account for scholarship and discounting and the like is gonna be enough to sort of offset your growing expense base." #cnbc #closing #acrossamerica #erosion #hikingsticker #inthehopes #colleges #americaneducation #tuition

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