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Americans are looking to trade crowded and costly areas for quiet and affordable places.
About half of the nation’s largest metros are at least six months to a year away from hitting peak supply.
With construction costs increasing, modular strategies could see growth.
Quarterly leasing volume has averaged 2.3 million square feet over the past four quarters.
Luxury brands and other retailers are competing for the same optimum locations.
An exclusive island in Florida has with monthly rents topping $20k.
Meanwhile, vacancies were up in October while sales volume fell.
Restrictive immigration policies could translate into higher development costs.
Half a million new apartments are expected to be delivered across the country next year.
Renewal rates were meaningfully lower in San Diego and Austin, however.