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The average rental price in February was $3,791, a 3% decrease from January numbers and a decline of 13.5% year-over-year.
These workers are highly-educated, high-earning, and on the precipice of settling down at a median age of 32.
The REIT also inked its first $2.8 billion revolving credit facility and sustainability-linked loan.
Right now most leases are rolling over at the same level and/or at the same rate, according to Moody's Analytics REIS.
They also plan to stay in the same city instead of moving to a new location.
Sellers and brokers are using the market as their pricing mechanism to begin negotiations.
The rooftops of commercial buildings are the ideal "cell tower" site.
Still normal activity will be possible by the end of this year or in 2022.
Previous stimulus measures sparked an increase in retail spending and helped keep tenants up to date on rent.
But Paycheck Protection Program loans could give the sector a boost.