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There is still a fear the pandemic will drop valuations.
By March, office visits are expected to rise putting the city on track for a complete recovery by summer.
Tapering speed of bond purchases will double, reducing the injection of capital that has helped drive investments and property price increases.
It has reached an all-time high this year of $291 per square foot.
Primary commercial markets suffer while most others do well.
However, concession packages from landlords are very generous.
December has posted the highest reading of the year.
The fund will acquire off-market assets owned by non-institutional owners, located in stable or growing economies.
A pricing crown is developing in at least five overvalued markets.
"The moral of the story is that consumers really do not like inflation. But their apparent declining confidence hasn't impacted their behavior at all at this point."