As of the third quarter 2017, 52% of the speculative space delivered since 2013 had been leased, according to Colliers, and this figure increased to 62% by the end of June 2018.
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Many home builders reduced sales prices to offset difficult affordability conditions.
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Construction could continue to plummet in the market, as high costs persist.
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Policy-related headwinds could threaten enrollment growth.
