Wednesday, March 13, 2013

High-rise apartments outpace new office space in Silver Spring

One of Montgomery County's top business advisers told the Silver Spring Citizens Advisory Board this week that the area has a disproportionate amount of new high-rise apartment projects compared to office space because "high-rise apartments are the only thing that's getting financed," the Gazette reported Tuesday.Steve Silverman, director of the county's Department of Economic Development, said there is "a lot of pent-up demand" for these high-rise housing developments from young people living…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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