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LOS ANGELES—Comprising just 3.5% of the US workforce, the sector has pulled up rents and driven down vacancies wherever tech firms cluster, CBRE says in its annual study of labor market conditions in the industry.
NEW YORK CITY—The joint venture ownership of mainly industrial properties was a carryover from the 2015 merger of Gramercy Property Trust and Chambers Street Properties.
SANTA BARBARA, CA—However, the latest Yardi Matrix report cautions that the separation process between the UK and the EU has potential for creating uncertainty that could slow hiring.