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Strong rent growth this year will continue as supply shortages in the for-sale housing market and ongoing demographic pressure from aging millennials persist.
"We'll still have our bread-and-butter value add, though we'll maybe focus more on 70s, 80s, early 90s, and we'll cast a wider net on this core plus part."
New hotspots are emerging that offer many of the advantages of the top life sciences clusters, with similar access to talent and skilled workforce, but lower rents.