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Tight space in major metro regions are forcing companies to look elsewhere where expenses are lower.
The inflationary pressures he sees in the near future haven't suddenly disappeared.
Major mortgage REITs have been shrinking their portfolios.
A lot of big global investment fund managers have cut their CRE allocations.
There are implications for price discovery as well as backdoor hedges for future property acquisitions far below expected eventual value.
When amenities and common spaces are regular parts of apartment living, tenants want, and staff needs, Internet access everywhere.
Looking at year-to-date changes in effective revenue, only the Northeast was in positive territory.
Retail and office lead with the highest increases.
New features but old problems are probably still at hand.
There's an argument that the so-called neutral rate has grown, which would mean expect a new normal.