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Some cities such as New York, though, are showing progress.
The Canadian firm Hennick & Co. acquired the property.
79% of that space is slotted for Boston, San Francisco and San Diego.
Atlanta is expected to be No. 1, while the Midwest region remains popular with renters.
The reasons behind the decline are well known to the apartment industry.
For the first time, mobile shopping passed desktop.
The 25-building portfolio was the largest industrial deal in the state last year.
Affordability will be the main determining factor by home buyers.
Spending did dip in November due a decline in public-sector activity.
But then home buying in general slowed in 2023.