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Pre-COVID average quarterly leasing volume totaled around 59 million square feet since 2016, while last quarter's figures clocked in just shy of 40 million square feet.
These cities are projected to post annualized growth in gross income ranging between 6 and 7.6%, with vacancies hovering in neighborhoods of between 3.3% and 4.6%.
"Low yields in other asset classes in combination with the ability to increase rents acting as a partial inflation hedge should continue to drive demand for investments but not enough to dampen CRE investment."