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Tidewater has tremendous confidence in the long-term prospects of the Bay Area.
There were 88 single asset sale transactions with an average sale price per room of $228,000.
Dropbox is giving up 25% of its headquarters space.
The importance of broker relationships was stressed, particularly in light of the many off-market deals.
For Florida, insurance and construction cost is particularly difficult when it comes to new multifamily builds.
As for 2023, the decline continued in September.
There was a brief window in which borrowers were able to shift to five-year fixed-rate loans but mainly it has been a volatile year.
But economists expect unemployment to peak at 4.2% sometime next year.
This is not to downplay the problems the neighborhood is facing.
At GlobeSt.com's Multifamily Fall Conference, Cushman & Wakefield's Marc Renard leads a discussion on current investment strategies.