NOT FOR REPRINT
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A post-pandemic building boom is coming to an end, with only 46 million square feet of speculative projects breaking ground in Q2.
Sixty-nine percent of properties sold to investors went to mom-and-pop investors.
On average, privately owned student housing runs around $1,000 per month per bed.
Twenty-four of the Yardi Matrix top 30 metros posted rent gains in July.
Nearly 5 million square feet of vacant new deliveries hit the life sciences market during the second quarter.
CRE participants signal increased retail development, while office development is flat and industrial takes a pause.
Demand for office space has grown for over 12 months, ending the three months through June up 17% year-over-year.
At the halfway point of the year, Cleveland, Cincinnati, Columbus and Chicago have all seen rent growth well ahead of the national average.
Multifamily distress has tripled, but context matters.
New job seekers should consider affordability, wages and hiring rates when choosing where to live.