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The cost per unit comes out to $535,276.
The property takes up 500,000 square feet.
The REIT looks to continue to shed debt with its sales.
But in some areas this advantage is beginning to diminish.
And that's for asking rents. Effective rents could be even lower, though harder to measure.
Of developers two-thirds stated that their most active projects will be building affordable housing.
Recent data from CoStar Group suggests remodeling older buildings may not pay off.
Overbuilding over many years turned into "obsolete buildings with chronically high availability."
Growing investor interest in the life sciences sector could reignite leasing activity.
There are lessons to learn about how to choose AI-enabled CRE tech.