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The institutional market is flush with capital and with the bidding frenzy, many are turning to the class C space to find a better cap rate, say panelists during a session at last week's national GlobeSt. Multifamily conference.
"The real estate sector is in a strong position to build its way out of the pandemic and take the economy with it."
Those looking to leave their metro areas fall for a second straight month, Redfin said.
C&W makes a strategic investment of $150 million in WeWork's flex space concept and technology.
"Although demand remains strong, higher prices have cooled prospective buyers' intent to purchase a home."
But the pace is picking up as REITs recognize the financial benefits.
COVID-19 has increased the demand for single-family rentals as live/work/play boundaries become blurred.
Young professionals are entering the commercial real estate industry with a formal education in the field.
Apartment rental demand remains unseasonably high, driven by still-limited housing supply, Realtor.com said.
Always a favorite among investors, interest in grocery-anchored retail is surging in the pandemic era.