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Most markets' bottom is likely in the past.
It also offers greater flexibility as more businesses seek adjustable space solutions.
Marcus & Millichap report the latest dramatic spikes as providers pull out of key markets.
The sector is "buoying" office starts across the country.
For young tech talent Seattle and San Francisco remain the go-to places.
The firm's survey showed an 18.3% rise in first half of 2023.
Builder confidence fell six points to 50 from July to August.
Interest rates, labor shortages, and material prices have all had an impact.
And three Midwestern cities follow in second, third and fourth spots as renting remains the new buying.
Banks were the top lending group with 43.4% of non-agency loan activity.