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In-place rents continue to trend upwards, however.
The average U.S. asking rent for October dropped to $1,718 in October.
NAR report shows a 22% increase to $107,000.
Blame the 'consistent rise in interest rates,' says The Boulder Group.
Vacancy now tops previous record high from the Global Financial Crisis.
Transactions increased even though both the quarterly and annual cap rates rose to 7.05%
It is taking longer than normal to complete construction for both garden and mid-rise buildings.
The losses affected every sector and every type of investor in the CRE market
The West Coast metros hold the nation's largest share of multigenerational households.
But respondents generally have a more optimistic view of this year's conditions than those of a year ago.