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Even though it is closing stores, CVS is operating from a position of strength.
But the factors might not matter for CRE.
Costs have nearly tripled in the past four months, adding $18,600 to the price of a home and $7,300 to the market value of an apartment.
The flex space company co-founder reportedly has thousands of units and also interests in some real estate and finance tech companies.
Rental rates are up 3.2% quarter-over-quarter and 9.5% year-over-year.
As office buildouts get more expensive, occupiers will make long term capital decisions.
Moody's Q3 2021 report depicts a strong turnaround in all four industry segments.
Price appreciation was strongest in Arizona and other fast-growing states.
The bank more than doubled its footprint at the Empire State REIT office.
The number of $100 deals was up 114% from 2020 and 18% above the five-year historical average.