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Potential shifts on 1031 exchanges, renewed interest in rent control and the recent Biden Administration executive action on housing have caught IREM's attention.
The credit markets fear that aggressive monetary tightening by the Fed could tip the economy into a recession.
Job growth, migration to the suburbs and a reignited appetite for travel and entertainment bode well for CRE.
Phoenix tops the list.
There are "plenty of reasons" why there's still strength in the housing market.
While their YoY numbers are positive, the growth is not as significant as might be expected.
A shrinking buyer is unlikely to impact pricing until rent growth cools.
Port markets posted a 23% year over year increase in asking rents in the first quarter.
One reason is that more space was placed on the market in CBD locations.
For example, coworking spaces need to go beyond the standard conference room and desk setup.