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Cap rates for new listings hit 5.83% on average in the second quarter, five basis points above Q1.
National median rent is up 14% in July while consumers endure rising prices.
NAHB advises builders to be cautious given rising interest rates, high construction costs.
Still, there is ample liquidity in the sector despite the easing momentum.
As was the case pre-pandemic, more companies are realizing it to be a viable office option.
Rents have grown more slowly for Class C properties, while retention rates have "dropped more than expected."
New York metro area will deliver 28,000 while Dallas-Fort Worth will develop 23,500 new units.
JLL estimates that workforce priorities have three critical years ahead.
Empty data sets put NYC, others behind the Hudson River market.
Competition for homes is lowest since start of pandemic; sellers must make homes 'feel fresh.'