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Manhattan, San Francisco locations double the national average rent in some instances.
Rising mortgage rates keep pushing would-be home buyers into rentals.
The public markets suggest office cap rates in the mid-to-high 7% range but owners have yet to take markdowns.
It's not a millennial or Gen-Z social curiosity as much as a choice of dollars and cents.
Uncertainty and disruptive consequences are driving decision-making.
Easier commute, less congestion brings many smaller-city employees into the office.
Foundation plan filings report shows activity plunged in H2 2022.
Lower earners with less generational wealth hamper Blacks' purchasing ability.
It passed both occupancy costs and employee engagement or satisfaction.
Mounting headwinds make solving for shrinking office demand perplexing.