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However, there was a decline in average lease size.
Rising occupancy and limited construction mean growing NOI, but headwinds exist.
Habitat for Humanity is still presumably authorized.
The industry wants to preserve carried interest and the deductibility of property taxes.
Demand remains high ‘due to stability and ease of management.’
It’s the first general decrease in five months.
Class B and C rents continue to fall, drawing tenants that want ‘cost-effective options.’
After a 2023 bottom, office investment rebounds, at least for the right properties.
Not all markets have turned a corner, but there are areas of growing office stability.
Construction activity was down modestly.