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“We're aware that disruptive technology is already changing the way we operate. What we don't comprehend exactly is what will happen next and how these changes will impact the way we work in the future.”

The REIT has experienced some setbacks in recent months including a dwindling share price.

“The rumor deals we're seeing out there have some TIs in the $150 per square foot range and free rent as much as 24 months.”

“We are seeing a consistent increase in demand for purpose-built and well-managed student housing.”

“Although most TOPA renovations are in older buildings, it is not uncommon for a new building's residents to explore their TOPA rights.”

At the Goodwin and Columbia Business School Real Estate and Capital Markets Conference, experts highlight key trends.

Another high per-square foot trade is the pending transaction of 1440 New York Ave., which is selling for $1,169 per square foot or $250 million.

The change may alter the way commercial landlords both plan future parking ratios and even locational investment strategies, JLL says.