"Based on what investors are telling me today, the bid climate is particularly aggressive, putting downward pressure on cap rates."

The average asking rate per month per square foot jumped 3.25% over Q1 figures.

Pricing has risen a quarterly 13.3% to reach $113 per square foot.

Nationally, commercial and multifamily construction starts were 10% higher on a year-to-date basis through the first six months of the year.

An estimated $113 billion in multifamily loans should mature over the next three calendar years.

Insurers could play an important role in lessening structural risks.

Many BFR developers are being forced into the position of breaking ground with lower leverage or with more expensive mezzanine financing.

So far this year, $315.3 billion in new VC money has been raised globally.