Research

Meanwhile, rents see significant drops in the most expensive cities.

For two straight quarters, the sector has seen occupancies decline.

After months of underperformance, admission volume for affordable housing rebounded in September.

Average asking rents and asset pricing increased in nearly every commercial asset class in September.

New construction activity has been controlled, and 62% of new product is speculative.

Factors like move-ins improved in September, but the market is still seeing high concessions.

The shift in demand has also created new opportunities for housing development and housing investment.

All three Downtown submarkets underperformed their five-year quarterly average during Q3 2020, according to CBRE.