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Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
It may take a year or two to absorb deliveries and burn off concessions.
Markerr has forecasts of changing demographics that will affect CRE investment decisions.
Overall, the population of young adults is down across the country.
The median rent is now $1,384 monthly, up 0.6% from February.
Newmark looks at what sets these submarkets apart at each stage of growth.
Already, the developer has made its first purchase under the fund in Tampa.
Nominations are open for GlobeSt.’s next recognition. Submit an admired and influential CRE executive before the submission deadline on May 28!
Florida rents are $172 above the national average rates, as of February.
The commitments come from Mubadala Investment Company and CalSTRS.
Other closings, involving another 41 properties, will take place by the June quarter.