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While the declines in asking effective rents are modest, most leases are being signed at levels below what those quoted rents would suggest. Performance hasn't gone off the edge of the cliff, but it is notably weakened for now.
The strong office market continued at the start of 2020 as vacancy moved down slightly, from 20.1 to 19.7%, driven by solid first quarter absorption of almost 1.2 million square feet, according to the latest office report by JLL.
Paired with official government guidelines and CDC recommendations, Harwood Cares is Harwood's plan to promote the importance of social distancing and safety throughout the District as it relates to COVID-19.
The first quarter of 2020 picked up where 2019 left off in the DFW industrial market, with significant positive absorption, asking rents increasing to meet demand and construction activity that led the nation.
The Village at Rayzor Ranch was far enough along when the pandemic began that it wasn't affected by delays and has been completed on schedule, despite issues that have unfolded on many construction sites.
The opportunity to acquire an airport-peripheral office campus within a diverse economy was compelling and Capital Commercial executed the acquisition well, given the unusual economic circumstances.
312-unit Bridgeport Apartments will help address the area's affordability crisis amid the COVID-19 pandemic while generating strong risk-adjusted returns for investors.
Like nearly every industry, the multifamily real estate market has taken a hit during the COVID-19 pandemic, but it may have one advantage that some industries don't: people always need a place to live.
The number one question from owners is 'how do I get my vacancies leased?' This becomes more important than ever during a downturn or in the financial crisis 12 years ago.