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On a more positive note investing conditions grew modestly stronger in many metro markets during the quarter compared to the preceding quarter, according to Freddie Mac.
While the trophy and Class A market downtown faces growing risks of oversupply, less than 10% of buildings with a contiguous available block greater than 20,000 square feet are of a creative nature, JLL says.
Statewide industrial development is firing on all cylinders and e-commerce has driven a larger than average footprint of warehouses built in the US since the early 2000s.
The way we have been measuring millennial demand for homeownership may be been skewed. A report from Fannie Mae and the University of Southern California tackles a new approach that shows millennials are more enthusiastic about home ownership than realized.
“When a decision-making team polls its workforce to understand what is most important to them, I think amenities are going to be the number one item on the list.”
Paced by major projects, such as the $1.2-billion Jacob K. Javits Convention Center expansion and other major initiatives, the total for the first three quarters of 2017 also outpaced the full-year totals from 2010 through 2014 and is on track to surpass the $4.6 billion in construction starts initiated in 2015.