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Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
An influx of supply impacted Florida rents, while New York markets continued double-digit growth.
Investors are consolidating scrap yards and dirt lots into valuable IOS assets to address a commercial parking shortage.
Typical US renters must earn $64,000 per year to afford an apartment.
Companies are seeking prime office amenities to recruit and retain talent.
Three New York markets had standout results in rents and occupancy in May
San Diego faces a glut of unoccupied lab facilities
Filling the housing shortage is the long-term answer to making housing more affordable.
St. Louis posted the highest year-over-year increase at 6.3%.
"Rents are often a leading indicator of where home prices will go."