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As companies reevaluate physical space needs a year after the pandemic, flex space is enjoying a bit of a comeback.
Still, one observer doesn't see flashing red lights.
Closures are most related to declines in economic prosperity and diminished access to quality transportation infrastructure.
Some sellers are disappointed they cannot yet achieve pre-pandemic prices.
Class A sales represented three-quarters of total trades in 2020, with average pricing of $355,000 per unit and $129,000 per bed.
The venture is adding 1,889 new single-family homes to its portfolio, with $496 million in the contract process and closing and another $ 1 billion in the pipeline.
The 56-asset multifamily portfolio is located across five states.
CBRE is calling for a return to 2019 RevPAR levels in 2024.
Olive Tree intends to prioritize reconfiguring hotel properties to accommodate the needs of a growing mobile workforce.
While lower-quality product is coming online, supply of high-quality assets with long-term leases for sale remains tight.