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Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
Advertised rents declined 1.6% in July despite improving REIT results, while a shrinking construction pipeline offers hope for a more durable recovery.
Existing properties continue to report healthy occupancy, but financing, regulatory and construction barriers are holding the production index below break-even.
The overall rate declined modestly in July, but remained near its historical peak as maturity defaults pushed more regional mall debt into special servicing.