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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
New York, Dallas and Austin are the top three markets for new deliveries.
Of the top 10 metros with the biggest increase in inventory, four were in Florida.
Jobs flowed out of cities during the pandemic, and they may not be moving back.
Consumers are 69% of GDP, so slowing spending is a concern.
The Fourth of July and back-to-school sales brought shoppers into malls.
Often, the goal will be to eliminate jobs.
The improved in-person shopping experience has boosted sales and visits.
The move follows its Spain purchase.
The market is expected to be worth $317 billion.
It is the largest multifamily acquisition by a REIT in the last seven years.