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Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.
Millennials prefer living in locations close to restaurants and entertainment rather than having large kitchens or living rooms for entertaining, and also make living choices motivated by price.
The redevelopment will transform the CPMC campus from a large-scale hospital to a single family and multifamily project by Robert A.M. Stern Architects, known for designing contextually appropriate residential buildings.
Harvey's silver lining was an improvement in both multifamily vacancy and rent growth, which has resulted in Houston remaining a competitive investment market, especially when paired with above-average job growth.
The recent ULI reports demonstrate the focus on healthy living spaces with wellness extending beyond to the workplace, as companies increasingly pay more attention to employee well-being.
Established by Congress in the Tax Cuts and Jobs Act of 2017, Opportunity Zone legislation is a community development program to encourage long-term investments in low-income US communities.
In the Central Business District, there is a strong flight to quality as office tenants continue to seek high-quality buildings that offer flexible design, functionality, efficient floorplates and upscale amenities.