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The average flex workspace requirement size was down by 29% last year and dropped average initial term length by a month.
April's strongest rent increases occurred in the luxury Class A properties that had taken a pricing haircut in many cases over much of the past year.
Rising material costs and supply shortages along with expected increases in mortgage rates are expected to keep a growing number of potentially prospective home buyers in multi-family rentals.
The Fed says that disruptions caused by the pandemic make it hard to understand what valuations are in the CRE sector.
As sentiment shifts, companies have begun bringing workers back to the office to spur collaboration and innovation.
As the crisis winds down, the competition for assets will begin to rise as confidence returns.
While overall real estate filings went down, there are still issues in the healthcare sector.
Baker Tilly signed an eight-year term to occupy the 40th floor of 50 Fremont Street.
"Debt is plentiful and cheap and attributing to people's bullish outlooks."
The broker is also managing space for WeWork across the US.