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"There is zero incentive for NY multifamily investors to purchase a building and spend money on renovations if they can't raise rents in these rent-controlled environments."
During a property management panel at the GlobeSt. APARTMENTS conference Wednesday, panelists navigate the many tech options available to maximize efficiency.
Coworking investments are expected to maintain momentum over the next five years as corporate real estate executives continue to view flexible workspace as an essential offering.