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CBRE forecasts the national flexible office space will expand to approximately 13% of office space by 2030, reaching up to 600 million square feet. Even in a low-growth scenario, CBRE sees flexible office space claiming up to 6.5% of the market by 2030.
Austin remains the most expensive large Texas city in which to rent, with average rents of $1,437, and also recorded the largest month-over-month rent increase of 0.7%, translating to $10.
In the cities where some form of rent control has been introduced, apartment cap rates have increased over the last year, according to Real Capital Analytics.