New hotspots are emerging that offer many of the advantages of the top life sciences clusters, with similar access to talent and skilled workforce, but lower rents.
Pricing has become aligned with how aggressive the private debt funds have gotten in recent months and how aggressively priced multifamily deals have become overall.
We see potential for that capital to be deployed into urban retail and food service concepts for investors willing to consider something other than a typical suburban NNN pad site.